16 May 2013 07:50 [Source: ICIS news]
KOLKATA (ICIS)--India has extended anti-dumping duty (ADD) on phenol imports from South Africa for six months while allowing it to lapse in case of imports from Singapore and European Union (EU), an official in government’s revenue department said on Thursday.
According to the official, ADD of $119/tonne (€92/tonne) imposed on phenol imports from South Africa will continue till October 2013 but ADD ranging from $198-204/tonne for phenol from Singapore and $212/tonne from the EU has been withdrawn with immediate effect.
“The Directorate General of Anti Dumping and Allied Duties (DGAD) has determined that domestic phenol industry has shown signs of recovery but remains fragile,” the official said.
“DGAD findings concluded that injury to domestic phenol industry was not likely to continue on account of imports from Singapore and EU," the official added.
However, phenol entering the country at dumped prices from South Africa could injure domestic industry and therefore should be continued, he said.
ADD on phenol imports from South Africa, Singapore and EU was imposed in 2008 effective till 2012.
However, last year, based on review by the DGAD, the revenue department extended the levy till May 2013 necessitating the fresh review and imposition and withdrawal by the revenue department, last week.
Industry sources, however, said the six month extension of ADD on imports from South Africa will only be a `partial and short-lived’ relief from cheap shipments of phenol and it was likely the major producers like Hindustan Organic Chemicals Limited (HOCL) and SI Group seek a fresh review from DGAD.
($1 = €0.77)
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