Dec. 14, 2012
- Endosulfan could be used for the next two years in India
- Greens want Indian govt to allow use of toxic endosulfan
- Excel Crop Care dips by 5.2% in 2011
- Supreme Court permits export of endosulfan formulation
- Excel Crop Care up on favorable judgment hopes
- Supreme Court should review decision on export of endosulfan
- Excel Crop Care suspends production, sale of endosulfan
- India's top court orders ban on pesticide
- India agrees to phase out pesticide endosulfan
Excel Crop Care is India's largest maker of endosulfan, a controversial pest killer often linked to health hazards.
India's Supreme Court had last year banned the manufacture and sale of endosulfan in the country. The United Nations in June 2011 had added endosulfan to its list of hazardous industrial chemicals. In compliance with ad-interim Order passed by the Hon’ble Supreme Court on 13th May, 2011, the company immediately suspended production and sale of insecticide endosulfan.
In September, the Supreme Court announces that allowing the export of endosulfan to enable the manufacturers to meet their contractual obligations. In November this year, an Indian expert committee told the Supreme Court that use of pesticide endosulfan may be allowed for next two years only to exhaust the existing stock and the raw material used for its production.
According to Excel, the company has field appeal before the Competition Appellate Tribunal challenging the Order dated 23rd April, 2012 of the Competition Commission of India imposing a penalty of Rs 639 million on the Company. The Tribunal has granted stay of the penalty upon deposit of Rs 63.9 million.
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