Anti-dumping duty imposed on Phenol from U.S., Taipei
03/10/2014 111
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India has imposed anti-dumping duty on Phenol imported from the U.S. and Chinese Taipei to safeguard the interest of domestic manufacturers.
The duty, ranging from $47.29 to $196.24 a tonne, has been levied for five years, a circular of the Central Board of Excise and Customs (CBEC) said.
Giving reasons for imposing anti-dumping duty, the CBEC said phenol had been exported to India from the United States and Taipei below their normal value, thus, resulting in the dumping of the product.
It further said that the domestic industry had suffered material injury because of dumping of imports.
Phenol is a basic organic chemical used in manufacturing of antiseptics, industrial paints and cosmetics.
Source: PTI
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