Product Description – Phenol is a basic organic chemical normally classified under Chapter 29 of the Customs Tariff Act. The product is marketed in two forms- bulk and packed. Bulk sales are normally in loose form, whereas packed consignments can be of much smaller container loads and generally packed in drums.
HS Codes – 29071110
Uses – Phenol is used in Phenol Formaldehyde Resins, Laminates, Plywood, Particle Boards, Bisphenol-A, Alkyl Phenols, Pharmaceuticals, Diphenyl oxide etc.
Countries Involved – European Union and Singapore.
Applicants – M/s. Deepak Phenolics Limited (DPL) and M/s. Hindustan Organics Chemical Limited (HOCL)
Date of initiation – 31st December, 2020.
Period of Investigation – 1st July, 2019 to 30th June, 2020 (12 months).
Injury Period – 2016-17, 2017-18 and April 2018 – June 2019, and the period of investigation.
Final Findings – 30th July, 2021.
Dumping Margin, Injury margin and proposed duty:
|Country||Producer||Dumping Margin Range||Injury Margin Range||Proposed Duty (US $/ MT)|
|European Union||All producers/exporters||30-40||0-10||66.76|
|Singapore||Mitsui Phenols Singapore Pte. Ltd.||10-20||0-10||No duty recommended|
|Singapore||All other producers/exporters||10-20||0-10||No duty recommended|
- The Applicant constitutes domestic industry under Rule 2(b) of the Rules and the application satisfied the criteria of standing in terms of Rule 5(3) of the Rules.
- Monthly analysis was adopted as a result of significant changes in price and volume of imports within the same period, after which the injury margin, dumping margin and price undercutting were determined for the period of investigation and product under consideration as a whole.
- Considering the normal value and export price for subject goods, the dumping margins for the subject goods from each of the subject countries have been determined, and the margins are significant.
- The domestic industry has suffered material injury.
- Continued imposition of anti-dumping duty on imports of the product from European Union is required to offset dumping and injury.
- As there was no likelihood of continuation or recurrence of dumping and injury on account of imports of subject goods from Singapore, no extension of antidumping duty was recommended against producers and exporters from Singapore.
- The extension of duty will be in public interest.