(a) whether some chemical companies have demanded concessions during the recession period;
(b) if so, the details thereof; and
(c) the reaction of the Government thereto?
(a) whether some chemical companies have demanded concessions during the recession period;
(b) if so, the details thereof; and
(c) the reaction of the Government thereto?
THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS (SHRI SRIKANT KUMAR JENA)
(a)& (b): Yes.Some chemical companies had demanded concessions during the recession period.
These included reduction in Central Excise Duty from 14% -8%, roll back of Import Duty of 5% on
Naptha, levy of crisis duty (10%) on all chemicals, intermediates, dyes, pigments and
pesticides, expeditious disposal of Anti Dumping/ Safeguard Measures, fiscal reliefs to SMEs
and provision of low cost credit to them.
(c) : The Government has taken the following decisions in this regard:
(i) Reduction of Excise Duty from 14%-10% and then from 10%-8%.
(ii) Anti Dumping Duty/Safeguards were imposed in respect of following:
Soda Ash Imposition of Safeguard Duty- 20%
Caustic Soda Imposition of Safeguard Duty- 15%
Carbon Black Anti Dumping Duty -$78$195 per MT Country specific