KARACHI - The initiation of anti-dumping investigation against alleged dumping of Hydrogen Peroxide (HP) in Pakistan feared as just to benefit a few and to increase the cost of production of the textile industry. Mohammad Salam, former president of Pakistan Chemicals and Dyes Merchants Association, while talking to The Nation informed that the holders of local production of Hydrogen Peroxide have moved this antidumping application to maximise their profitability and to benefit exporters. He said that after imposing anti-dumping the cost of production, import as well, would shoot up to 30 percent, and it is to harm level playing field as the applicants have increased the prices of Hydrogen Peroxide up to 10pc. Resultantly, the prices stand at Rs 33/kilogram. They should decrease their cost and sell it on cheaper rates instead of moving anti-dumping application which will increase the cost of clothe, so it should not be done this way, he added. It is pertinent to mention that National Tariff Commission has issued a notice of initiation of Anti-dumping Investigation against Alleged Dumping of Hydrogen Peroxide into Pakistan Originating in and/or Exported from Belgium, China, Indonesia, South Korea, Taiwan, Thailand and Turkey. The advertisement printed on 31st of August in newspapers informed that The National Tariff Commission received a properly documented anti-dumping application under Section 20 of the Anti-Dumping Duties Ordinance, 2000 on July 20, 2009 from M/s Sitara Peroxide Limited, Faisalabad and M/s Descan Oxychem Limited, Lahore, the domestic producers of Hydrogen Peroxide (HP) alleging dumping of Hydrogen Peroxide in Pakistan originating in and/or exported from Belgium, China, Indonesia, South Korea, Taiwan, Thailand and Turkey. It further told that the application fulfils the requirements of section 24 of the Ordinance as the Applicant produced 100 percent of the total production of Hydrogen Peroxide in the country during the period from April 1, 2008 to March 31, 2009. The applicant has alleged dumping of Hydrogen Peroxide in Pakistan by exporters/producers from the Exporting Countries. He pleaded that the imports of Hydrogen Peroxide from the exporting countries has caused and is causing material injury to the domestic industry, mainly, by way of: volume of alleged dumped imports, price under-cutting, price suppression, increased losses, meagre return on investment, negative effect on cash flows and negative effect on wages & salaries. The applicant has also alleged that there is threat of material injury to the domestic industry, as the likely volume of alleged dumped imports from the exporting countries would increase due to imposition of anti-dumping duty by India on dumped imports of HP from these countries. The Commission therefore initiates an investigation pursuant to Section 23 of the Ordinance after examining the accuracy and adequacy of the information provided in the application and is satisfied that the application has been made by the domestic industry and there is sufficient evidence to justify Initiation of investigation. The investigation will determine whether Hydrogen Peroxide originating in and/or exported from the exporting countries is being dumped in Pakistan or such dumping has caused and causing material injury to the domestic industry. The product allegedly being dumped is Hydrogen Peroxide originating in and/or exported from the exporting countries (the investigated product) and is classified under Pakistan Customs Tariff Heading No 2847.0000. The investigated product is used in bleaching and sterilisation process in textile and paper & pulp industry and general purpose as bleaching, oxidising, detoxifying, and deodorising agent.