On February 21, 2020, the National Tariff Commission (NTC) Government of Pakistan initiated review for change of circumstances in case of antidumping duty imposed on import of Hydrogen Peroxide from People\u2019s Republic of Bangladesh.<\/p>\n
This is the first ever Review for Change of Circumstances initiated by the NTC. As per this notice of initiation, the NTC has considered the issues, identified in the review for change of circumstances application (prepared and filed by our firm on behalf of our clients namely \u201cDescon Oxychem Ltd, Lahore and Sitara Peroxide Ltd, Faisalabad\u201d).<\/p>\n
The basis of initiation of instant review including\u00a0increase in rates of gas prices\u00a0in Bangladesh,\u00a0oversupply in local market\u00a0<\/u>of Bangladesh due to multiple capacity expansions in Bangladesh and India,\u00a0Export prices of Bangladesh,\u00a0absorption of antidumping duties,\u00a0antidumping duties imposed on imports of H<\/u>ydrogen Peroxide <\/u>from Bangladesh by India<\/u>\u00a0and\u00a0return of China to the Export market of H<\/u>ydrogen Peroxide<\/u>.<\/u><\/p>\n
We believe that as a result of instant review, the antidumping duties imposed in the original investigation would be revised upward and the domestic industry would reap the due benefit of the instant duties.<\/p>\n