The National Tariff Commission (NTC) has enforced the anti-dumping duty on the import of hydrogen peroxide, which has led to a considerable enhancement in prices of the raw material used in the textile sector and prevented the importers from importing more of the raw material. It is one of the basic raw materials used by the domestic textile sector of Pakistan.
Over the last three months, the hydrogen peroxide prices have risen from Rs 40 per kg to touch Rs 70 per kg, the highest recorded so far in the domestic market following the enforcement of the anti-dumping duty.
Domestic production capacity is around 60,000 tons, against a requirement of 70,000-80,000 tons, which necessitates imports of around 15,000-20,000 tons.
The NTC has imposed an anti-dumping duty on the import of hydrogen peroxide which is 71.93 percent for China, 25.61 percent for Turkey, 35.61 percent for Taiwan, 25.20 percent for Indonesia, 14.77 percent for South Korea thereby making the import of this raw material very expensive.
The importers and domestic users have urged the NTC to put an end or lower the duty in order to check the rising prices in the market. If the raw material is not made available at the earlier prices then the textile production will come to a standstill, which will also influence the textile exporters, they said.
Fibre2fashion News Desk - India
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