Riyadh, The Indian Ministry of Commerce and Industry, the General Directorate of Dumping, has issued the final notification of the third periodic review on India's imports of caustic soda being produced by Saudi Basic Industries Corporation (SABIC).
The case was one of the oldest dumping cases faced by Saudi exports as it was about 18 years old. The dumping investigation was launched on this product on 1/12/2000 and dumping charges of $ 130.60 per ton were imposed on 26/6/2001.
During the second periodic review, which took place on 2/9/2011, the Indian Investigation Commission recommended the continuation of imposing dumping duties on the caustic soda product.
The concerned team to follow up the issues of support and dumping after the issuance of the Royal Decree on its formation on 09/05/1432 H corresponding to 14/4/2011 under the chairmanship of Prince Abdulaziz bin Salman bin Abdulaziz, Minister of State for Energy Affairs, participated in the third periodic review on 20/11/2017 and (SABIC) with the following up from the team submitted the required data and its legal pleadings, and succeeded in reducing the fees from $ 130.60 to $ 16.24 per one ton.
On August 1, 2018, the final report was released, which included the improvement of India's domestic industry and harm was faded, and the Indian investigation authorities recommended that no further dumping charges be imposed on SABIC's caustic soda product.
Source: Saudi Press Agency