Compensatory duty on liquid caustic soda.
The Ministry of Economy issued in the Official Journal of the Federation, the decision declaring the initiation of administrative proceedings for the examination of the validity of the countervailing duty imposed on imports of liquid caustic soda originating in the United States of America, irrespective of the country of origin.
In the publication refers that the companies Industria Química del Istmo, S.A. de C.V., Mexichem Derivados, S.A. de C.V. and Petroquímica Mexicana de Vinilo, S.A. de C.V., expressed interest in initiating the examination of the validity of the definitive countervailing duty imposed on imports of caustic soda originating in the United States.
The product under examination is commercially referred to as liquid caustic soda (sodium hydroxide in aqueous solution), and is a generic product widely used in the chemical medium. It is presented as a soap-like, highly corrosive, slightly alcohol-soluble touch solution, which forms salts with all acids and reacts with the metal salts solutions by precipitating the metal hydroxide.
This product enters the national market through tariff item 2815.12.01 of the Tariff of the Law on General Import and Export Taxes.
The product described above is used in the manufacture of chemicals to control pH, neutralise acids and as a catalyst and cleaner as well as in the production of pulp and paper, soap, detergents, cleaning products, celluloses, such as rayon, cellophane and cellulose ethers; in the mercerization and cleaning of cotton, in the petroleum and natural gas industry as in the manufacture of glass; in the refining of vegetable oils; in the recovery of rubber; for degreasing of metals; in preparations of adhesives; as a paint remover; as a disinfectant; in washing glass bottles; and as a latex rubber stabilizer and sodium hypochlorite.
The review period shall run from 1 April 2019 to 31 March 2020 and the review period shall run from 1 April 2015 to 31 March 2020.
The above-mentioned resolution provides an opportunity for those natural or legal persons with a legal interest in the outcome of the imposition of this review procedure for the application of the countervailing duty, they declare it within 28 working days from the day following the publication of that decision in the Official Journal.
If your company imports the product under review, in Bandala | Díaz | García we have the specialized staff who can help you determine the convenience of presenting arguments and evidence within this process.
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