| Date: |
27-04-2010 |
| Subject: |
Dumping duty on phenol imports |
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New Delhi, April 26 The Finance Ministry has imposed provisional anti-dumping duty on phenol imports from Thailand and Japan. Phenol, also known as carbolic acid, is a basic organic chemical used in the manufacture of phenol formaldehyde resins, laminates, plywood, particle boards, Bisphenol-A, alkyl phenols and pharmaceuticals. The provisional anti-dumping duty would be effective till October 18. In the case of phenol produced and exported by PTT Phenol Company Limited, Thailand, the provisional anti-dumping duty has been pegged at $150.55 a tonne. For phenol exported by Mitsui Chemical of Japan through Singapore to India, the provisional anti-dumping duty has been pegged at $ 151.96 a tonne
Source : Business Line
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