![]() Financial Daily from THE HINDU group of publications Tuesday, Dec 31, 2002 |
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Industry & Economy
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Anti-dumping Dumping duty on methylene chloride mooted K.R. Srivats
NEW DELHI, Dec. 30 THE Designated Authority in the Commerce Ministry has recommended the imposition of provisional anti-dumping duty on all imports of methylene chloride from the European Union (EU), South Africa and Singapore. Methylene chloride is a colourless, volatile liquid with chloroform-like odour. It is used in photo films, bulk drugs and pharmaceutical industry. It is also used in the manufacture of foam, fumigants and agrochemicals. It is mainly used as a paint stripper. In its preliminary findings, the authority has recommended a provisional anti-dumping duty of $159.20 per tonne on bulk imports of methylene chloride from LII, Europe Gmbh. A provisional anti-dumping duty of $159.20 per tonne has been recommended on methylene chloride (bulk) exported by Ineos Chlor and all other exporters from the EU. In the case of South Africa, a provisional anti-dumping duty of $181.74 per tonne has been recommended on all imports of methylene chloride from that country. The authority has also recommended a provisional anti-dumping duty of $77.87 per tonne on methylene chloride imports from Singapore. Industry sources said that Gujarat Alkalies & Chemicals Ltd (GACL) had filed the petition seeking anti-dumping probe on methylene chloride imports from the EU, South Africa and Singapore. The other two producers of methylene chloride in the country are SRF Ltd and Chemplast Sanmar Ltd, Chennai.
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