Economy

Dumping duty on acetone from Japan, Thailand mooted

Our Bureau New Delhi | Updated on January 29, 2011 Published on January 29, 2011




The Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on imported acetone from Japan and Thailand. This follows a petition from domestic manufacturers Hindustan Organic Chemicals Ltd, Mumbai, which is backed by SI Group-India Ltd (formerly known as Schenectady Herdillia Ltd).

The acetone is an organic chemical and is known in technical parlance as Dimethyl Ketone used in the manufacture of bulk pharmaceuticals, agro-chemicals, dye stuffs, certain explosives and downstream chemicals. It also finds usage in certain rubber chemicals or Oxy Acetylene Cellulose Acetate and also a solvent in the manufacture of paints/coatings. It is marketed in two forms — loose bulk and packed.

To offset dumping

After investigation, the Authority noted that having initiated and conducted preliminary probe and recommended interim duty, it is of the view that imposition of final duty is required to offset continued dumping and injury. In the case of Thailand, the Authority has freed the producer PTT Phenol Company Ltd and its export arm PTT Phenol Public Co Ltd from the levy of any definitive duty as also another exporting company, Mitsui & Col Ltd Japan (MBK) or Mitsui & Co (Asia Pacific) Pte Ltd, Singapore, which sources its subject goods from PTT Phenol Public Co Ltd. But all other manufacturers/exporters from Thailand of the subject goods have to fork out a definitive anti-dumping duty of $85.85 a tonne.

If the manufacturer is from Thailand and the exporters are from any country except Singapore, US, South Africa, European Union, South Korea, Taiwan and Japan, a definitive anti-dumping duty on the subject goods of $85.85 a tonne has to be paid. Similarly, any manufacturer from Singapore, the US, South Africa, the European Union, South Korea, Taiwan and Japan but exporting from Thailand may have to pay a definitive anti-dumping duty of $85.85 a tonne.

In the case of Japan, the Authority has removed the interim anti-dumping duty imposed on Mitsui Chemicals Inc. Japan, while subjecting all other manufacturers/exporters from Japan to pay a definitive anti-dumping duty of $94.96 a tonne.

Published on January 29, 2011
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