The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 66] NEW DELHI, SATURDAY, MARCH 20, 1976/PHALGUNA 30, 1897
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF PETROLEUM
RESOLUTION
New Delhi, the l&th March 1976
SUBJECT.—Price structure of Synthetic Rubber.
No. N-18011/2/75--PC. I.—The 1971 Report of the Tariff Commission on the fair selling price of synthetic rubber was submitted in September, 1971. The considera- tion of these recommendations took considerable time as fundamental issued were raised. It was decided while accepting some of the recommendations of the Tariff Commission, to refer the matter back to the Tariff Commission for recalculation of prices taking into account escalations in costs which had occured in the Inter- vening period. The Commission submitted its Report to Government in May, 1975. The Commission in its Report has mentioned the pros and cons of price control but has not expressed any definite opinion; It has assumed that price control would continue and has left the matter of decontrol for such action as the Government may consider necessary.
2. Having considered all aspects of the matter, Government have decided to decontrol prices of synthetic rubber for the following reasons:—
(a) Changes in input costs are taking place frequently, (b) There is no price control 011 the products using SBR. (c) There is considerable disparity between the presently controlled prices of
synthetic rubber and the prevailing prices of natural rubber.
328 THE GAZETTE OF INDIA EXTRAORDINARY [PART I—SEC. 1]3. In the context of the decision taken to decontrol prices of synthetic rubber, Government do not accept the recommendations of the Tariff Commission in this regard.
ORDER
Ordered that a copy of the Resolution be communicated to all concerned and that it be published in the Gazette of India extraordinary.
B. B. VOHRA, Secy.