|Home > Money > Budget 2001 > CRISIL Budget Impact Analysis|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | Technology | Travel
|March 1, 2001||Feedback|
Sector Focus: Chlor Alkalies
Chlor alkalies: State of the industry (00-01)
Chlor alkalies: Tariffs, prices and landed costs
1 Delivered price
Source: CRIS INFACŪ
Chlor alkalies: Budget Impact
Figures in brackets indicate the closing share prices, on February 27, 2001 and February 28, 2001, respectively.
neut= neutral Source: CRIS INFAC
A: The reduction in effective customs duty on soda ash is expected to have a marginally negative impact on soda ash producers. The Government of India has fixed the minimum landed cost for soda ash, imported from China at $ 197 per tonne. However, domestic prices could be under pressure, as consumers of soda ash could import soda ash from the US and Kenya. The reduction in effective duty on caustic soda, as a result of the removal of surcharge, is not expected to have a significant impact on domestic producers due to the existing antidumping duties. The government of India has fixed the landed cost of caustic soda at $ 247-$ 340 per tonne.
B: The reduction of surcharge on corporate tax, from 13 per cent to 2 per cent and the expected decline in interest rates, is expected to have a positive impact on producers.
Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site.