SILVER LINES THE SMUGGLER'S CHEST

Article Abstract:

The Silver Institute of the US says that unofficial imports of silver into India increased by over 50 percent to 12.5 million ounces in 1997 against 8 million ounces in 1996. The institute has estimated that the total import of silver into India, including unofficial, was 112.4 million ounces in 1997 against 113.5 million ounces in 1996. The import of silver under special import licences decreased to 96.9 million ounces in 1997 against 102.5 million ounces in 1996 while official imports decreased to 99.8 million ounces from 105.05 million ounces. This shortfall, was offset by an increased smuggling of silver. Imports of silver by non-resident Indians decreased to 0.8 million ounces in 1997 against 1.1 million ounces in 1996. (khr)

Comment:

India: Unofficial imports of silver up by over 50% to 12.5 mil ounces in 1997 vs 8 mil ounces in 1996, says Silver Institute

Silver, Article

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ANTI-DUMPING DUTY ON ACETYLENE BLACK

Article Abstract:

An anti-dumping duty of 18 percent has been imposed on imports of acetylene black. In September 1998, the Director-General of Safeguards had suggested an anti-dumping duty on imported acetylene black. This duty had been proposed to protect the Rs40- crore domestic acetylene black industry from dumping by other countries. The Director-General of Safeguards had found that 4 Indian producers of acetylene black had been hit due to imports of the substance from Singapore, China, Philippines, Japan and Belgium at cheaper prices. He had suggested an anti-dumping duty of 18 percent, subject to a maximum of Rs12,950, per tonne in 1999 and 5 percent, subject to a maximum of Rs8,830, per tonne in 2000 AD. (ag) (kvr)

Comment:

An anti-dumping duty of 18 percent has been imposed on imports of acetylene black.

Cyclic Crude and Intermediate Manufacturing, Acetylene for Chemical Use, Acetylene

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CHANGE IN ROUTE PUSHES GOLD, SILVER IMPORTS UP 253%

Article Abstract:

Gold and silver imports into India increased by 253 percent valued at $3.3 billion during April-November 1998. The rise is attributed to a change in the channel of imports from the non- resident baggage route to the normal reporting system for imports. The Indian government has permitted designated agencies to import gold without license on payment of a specified duty from October 1997. (uh)(vr)

Market information - general, Primary nonferrous metals, not elsewhere classified, International economic relations, Precious Metals

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