New Delhi, June 29: The designated authority set up in the commerce ministry to probe dumping cases has decided that the Rs 10,000 a tonne anti-dumping duty imposed on bisphenol-A exported by First Intercontinental Corporation, an US company, will continue to apply following a review sought by it.The duty imposed by the government through a notification issued on April 29, 1997 will apply to the product supplied by the company during the period of review from August 31, 1999, says a release issued by the designated authority.
The designated authority initiated the review on August 31, 1999 and recommended provisional assessment of all exports of bisphenol-A by the US company at Rs 10,000 a tonne till the completion of the review.
Subsequently, the government after considering the designated authority's finding decided on September 8, 1999 that pending the outcome of the review by the authority, exports of bisphenol-A by the US company from the date of intiation of the review till its completion would be subject to provisional assessment and a bank guarantee for the amount calculated at the rate of Rs 10,000 a tonne.
It was also decided that in case of recommendation of anti-dumping duty after completion of the review, the company would be be liable to pay the amount of duty imposed from the date of intiation of the review.
The copies of the initiation notice were sent to importers, domestic producers, exporters and other intersested parties for their comments on the investigations. No comments were received from any of them.
The US company was also asked to file its reply to the questionnaire on the subject. In its reply on March 3, filed before the designated authority, the comnpay had stated that it had not made any exports to India during the investigation period.
The company further stated that it was not able to provide any information regarding the domestic sales and the cost of production as it was solely an export trading company and did not have any domesic sales and also did have access to the cost of production of its manufacturers.
Earlier, the authority had concluded that bisphenol-A exported by the US company to India had been exported below its normal value, the domestic industry has suffered material injury and that the injury had been caused by such exports.
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