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
more detailsPENTAGON CHEMICAL
Friday, December 28, 2007
Wednesday, December 26, 2007
"Chemical Industries" Plea to State Government
CHENNAI: Chemical Industries Association has urged the State Government to make a distinction between molasses used by chemical industries as raw material and that for other uses under the upcoming value-added tax regime.
Association president and member of High-Level Task Force for Industrial Development, P.K.N. Panicker said a representation in this regard had been made to Chief Minister M. Karunanidhi. He said molasses used as raw materials in industrial use would conform to the Item 67 of the First Schedule-Part B of the VAT notification, which says "industrial inputs for use in or in connection with the manufacture of goods in the State, packing materials and labels as notified by the government." Molasses, however, have been classified under the Second Schedule — item 10 with 30 per cent tax rate — without making any differentiation between the raw material used for industrial use and that goes for production of alcohol for beverages.
Even under the Tamil Nadu General Sales Tax regime, a clear distinction was made between the two types of molasses with the raw material for industrial use levied relatively less tax, according to Mr. Panicker
who one interested for more details in chemicals please visit our website : PENTAGON CHEMICAL
Association president and member of High-Level Task Force for Industrial Development, P.K.N. Panicker said a representation in this regard had been made to Chief Minister M. Karunanidhi. He said molasses used as raw materials in industrial use would conform to the Item 67 of the First Schedule-Part B of the VAT notification, which says "industrial inputs for use in or in connection with the manufacture of goods in the State, packing materials and labels as notified by the government." Molasses, however, have been classified under the Second Schedule — item 10 with 30 per cent tax rate — without making any differentiation between the raw material used for industrial use and that goes for production of alcohol for beverages.
Even under the Tamil Nadu General Sales Tax regime, a clear distinction was made between the two types of molasses with the raw material for industrial use levied relatively less tax, according to Mr. Panicker
who one interested for more details in chemicals please visit our website : PENTAGON CHEMICAL
Vaccum Salt
Product : Vaccum Salt (Sodium Chloride)
DESCRIPTION
Vacuum salt is white soft lumps, free from visible contamination with extraneous adulterants and impurities.
APPLICATION
Salt is used in preparing salt to salt saturated salt water muds. These muds are used to keep salt sections in gauge while drilling. Salt is also used for stabilizing troublesome shale formations. Low solids muds with densities up to 10 ppg are also prepared by dissolved salt.
DESCRIPTION
Vacuum salt is white soft lumps, free from visible contamination with extraneous adulterants and impurities.
APPLICATION
Salt is used in preparing salt to salt saturated salt water muds. These muds are used to keep salt sections in gauge while drilling. Salt is also used for stabilizing troublesome shale formations. Low solids muds with densities up to 10 ppg are also prepared by dissolved salt.
Monday, December 3, 2007
Acids Prices are upward
Acids News
Sulphuric Acid prices are upward from 1st December 2007
onwards, due to the international market sulphur price is
in high as well as major acids producing company are not
tollarating the revision and various reaseon their
production temporarly shout down ie twocompanies are shout
down.
In this situation affected southern india. One Major comany
producing sulphuric Acid and they are asking immediate payment
as well as cash and carry it affects price would be Basic price
8500 Per MT + ED + vat tax + Freight.
The enduser all are struggling for un availability of
Sulphuric acids in southern india particularly steel
industries are mostly affected abnormal increases.
PENTAGON CHEMICAL">
Sulphuric Acid prices are upward from 1st December 2007
onwards, due to the international market sulphur price is
in high as well as major acids producing company are not
tollarating the revision and various reaseon their
production temporarly shout down ie twocompanies are shout
down.
In this situation affected southern india. One Major comany
producing sulphuric Acid and they are asking immediate payment
as well as cash and carry it affects price would be Basic price
8500 Per MT + ED + vat tax + Freight.
The enduser all are struggling for un availability of
Sulphuric acids in southern india particularly steel
industries are mostly affected abnormal increases.
PENTAGON CHEMICAL">
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