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The Finance Ministry has imposed provisional anti-dumping duty on all phenol imports from the US and Chinese Taipei.
The duty will be valid for six months and has been levied based on the recommendations of the designated authority in the Commerce Ministry on a petition filed by Hindustan Organic Chemicals Ltd.
In the case of Chinese Taipei, the duty levied by the Revenue Department ranged from $46.07 a tonne to $193.9 a tonne depending on the exporter.
Anti-dumping duty The Revenue Department has imposed an anti-dumping duty of $146.09 a 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.
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