22% SAFEGUARD DUTY MOOTED FOR PROPYLENE GLYCOL IMPORTS

Article Abstract:

A 22 percent safeguard duty on imports of propylene glycol has been proposed by the Directorate-General of Safeguard (DGS). The recommendation made by DGS is according to the World Trade Organisation's (WTO) norms for offering time-bound protection to the local industry against the harm caused by the imports. DGS has suggested a 22 percent safeguard duty for the first 12 months and 11 percent duty for the next 6 months. The local industry will get 57 percent protection in the first 12 months and 46 percent protection in the next 6 months. Manali Petrochemicals Ltd, Spic Organics Ltd and Madras Refineries Ltd will be the 3 main beneficiaries of the proposal. During April-August, 1997-98, India produced 5,553 tonnes of propylene glycol (9,939 tonnes in 1994-95). The exports grew to 31.4 percent (8.5 percent). (ag)

Comment:

India: Directorate-General of Safeguard proposes a 22% safeguard duty on imports of propylene glycol

Propylene Glycol

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EXPORTS OF VIAGRA INPUT MAY BE DELAYED

Article Abstract:

The government may delay in giving permission to Cipla and Orchid Pharmaceuticals for the export of sildenafil citrate, the active ingredient in Viagra, Pfizer's patented anti-impotence drug. The drug controller of India has said that many facts have to be ascertained before permission is given and that a decision would be taken based on an agreement with the World Trade Organisation and the prevailing laws. It has to be ascertained whether the countries to which Cipla and Orchid plan to export are covered by the Pfizer patent on the drug. There is speculation that Pfizer may be pressurising the Indian government to reject or delay the permission for exports. (khr)

Comment:

Government may delay in giving permission to the company for export of sildenafil citrate, the active ingredient in Viagra

Citrates, Cipla, Orchid Pharmaceuticals

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VITAMIN A IMPORTS AGAINST SHRIMP EXPORTS SCALED DOWN

Article Abstract:

The vitamin A manufacturing industry has been given a major boost, with the Director General of Foreign Trade (DGFT) curtailing import of vitamin A through the advance licensing route. These new input-output norms meet international standards and will save around Rs100 crore in foreign exchange. The norms will also significantly reduce the amount of import of vitamin A against advance licences issued in place of shrimp exports. Now the shrimp exporters can import just 4.5 kilograms of vitamin A compared to the earlier limit of 27 kilograms of the vitamin for every metric tonne of shrimp exports. (gsh)

Comment:

India: Vitamin A mfg ind is given major boost with Director General of Foreign Trade curtailing import of Vitamin A

Medicinal and Botanical Manufacturing, Bulk Vitamin A, Bulk vitamins, Vitamin A

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