The Finance Ministry has imposed definitive anti-dumping duty on Phenol imports from the United States and Chinese Taipei.
This duty-- effective from May 16 this year-- will be valid for a period of five years, the revenue department has said.
Phenol is a basic organic chemical used in plywoods, laminates, particle boards, pharmaceuticals and phenyl formaldehyde resins.
The revenue department move follows the Designated Authority in the Commerce Ministry recommending in August this year the imposition of definitive anti-dumping duty on imports of Phenol from the U.S. and Chinese Taipei.
The petition seeking anti-dumping duty on phenol imports from these two countries was filed by Hindustan Organic Chemicals Limited.
The anti-dumping duty imposed ranged from $ 46.24 per tonne to $ 196.24 per tonne depending on the producer and the country of export.
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