On June 28, 2010, the Indian Customs decided to continue to impose a 16% protection tax on soda ash (Soda Ash) originating in China, which will be levied on an ad valorem basis. The tax period will expire on April 19, 2011.
Prior to this, in April 2009, the Bureau of Safeguards of the Indian Ministry of Finance decided to impose a one-year special safeguard measure on the product. In February 2010, the Bureau of Safeguards initiated a review to determine whether to extend the period of taxation. On April 13, the final decision of the Bureau of Safeguards proposed to continue to impose a safeguard tax on the products involved until April 2012. After repeated submissions by me, involving fierce opposition from downstream users in India, the Indian Safeguards Committee finally decided to extend the one-year tax period until April 2011.
Prior to this, in April 2009, the Bureau of Safeguards of the Indian Ministry of Finance decided to impose a one-year special safeguard measure on the product. In February 2010, the Bureau of Safeguards initiated a review to determine whether to extend the period of taxation. On April 13, the final decision of the Bureau of Safeguards proposed to continue to impose a safeguard tax on the products involved until April 2012. After repeated submissions by me, involving fierce opposition from downstream users in India, the Indian Safeguards Committee finally decided to extend the one-year tax period until April 2011.
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