The Finance Ministry has imposed provisional anti-dumping duty on all phenol imports from the US and Chinese Taipei.The provisional anti-dumping duty will be valid for six months and has been levied based on the recommendations of the designated authority in the commerce ministry.
Hindustan Organic Chemicals Ltd (HOCL) had filed the petition seeking anti-dumping duty on phenol imports from the US and Chinese Taipei.
In the case of Chinese Taipei, the anti-dumping duty levied by the revenue department ranged from $ 46.07 per tonne to $ 193.9 per tonne depending on the exporter.
The revenue department has imposed an anti-dumping duty of $146.09 per tonne on all producers and exporters of phenol from the US.
Phenol is a basic organic chemical used in phenol formaldehyde resins, laminates, plywood, particle boards, bisphenol-A and pharmaceuticals.
Source:-thehindubusinessline.com
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