Anti-dumping Duty on Para-Tertiary Butyl Phenol (PTBP) from Korea,
Singapore and USA Notified for Five Years
[Notification
No. 04/2024-Customs (ADD) dated 14th March, 2024]
Seeks to levy of anti-dumping duty on
'Para-Tertiary Butyl Phenol (PTBP)' imported from Korea RP, Singapore and
United States of America for 5 years pursuant to Final Findings issued by DGTR.
G.S.R.
…(E).- Whereas, in the matter of “Para-Tertiary Butyl Phenol (PTBP)”
(hereinafter referred to as the subject goods), falling under tariff item 2907
19 40 of the First Schedule of the Customs Tariff Act, 1975 (51 of 1975)
(hereinafter referred to as the Customs Tariff Act), originating in, or
exported from Korea RP, Singapore and the United States of America
(hereinafter referred to as the subject countries) and imported into India, the
designated authority in its final findings, vide notification F. No.
6/14/2022-DGTR, dated the 20th December, 2023, published in the Gazette of
India, Extraordinary, Part I, Section 1, dated the 20th December, 2023, has
come to the conclusion, inter alia that-
i
the product under consideration has been
exported to India at a price below normal value, thus resulting in dumping;
ii
the dumping of the subject goods has materially
retarded the establishment of domestic industry in India;
iii
the landed price of imports is below the level
of selling price of the domestic industry and is undercutting the prices of the
domestic industry,
and
has recommended imposition of anti-dumping duty on imports of the subject
goods, originating in, or exported from the subject countries and imported into
India, in order to remove injury to the domestic industry.
Now,
therefore, in exercise of the powers conferred by sub-sections (1) and (5) of
section 9A of the Customs Tariff Act read with rules 18 and 20 of the Customs
Tariff (Identification, Assessment and Collection of Anti-dumping Duty on
Dumped Articles and for Determination of Injury) Rules, 1995, the Central
Government, after considering the aforesaid final findings of the designated
authority, hereby imposes on the subject goods, the description of which is
specified in column (3) of the Table below, falling under the tariff item of
the First Schedule to the Customs Tariff Act as specified in the corresponding
entry in column (2), originating in the countries as specified in the
corresponding entry in column (4), exported from the countries as specified in
the corresponding entry in column (5), produced by the producers as specified
in the corresponding entry in column (6), and imported into India, an
anti-dumping duty at the rate equal to the amount as specified in the
corresponding entry in column (7), in the currency as specified in the
corresponding entry in column (9) and as per unit of measurement as specified
in the corresponding entry in column (8) of the said Table, namely :-
|
Table |
||||||||
|
Sl. No. |
Tariff item |
Description |
Country of Origin |
Country of Export |
Producer |
Amount |
Unit |
Currency |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
|
1 |
2907 19 40 |
Para-Tertiary Butyl Phenol (PTBP) |
Korea RP |
Any country, including Korea RP |
SI Group Korea Ltd. |
208 |
MT |
USD |
|
2 |
-do- |
-do- |
Korea RP |
Any country including Korea RP |
Any producer other than (1) |
357 |
-do- |
-do- |
|
3 |
-do- |
-do |
Any country other than Korea RP, USA and Singapore |
Korea RP |
Any |
357 |
-do- |
-do |
|
4 |
-do- |
-do- |
USA |
Any country including USA |
SI Group Inc. |
790 |
-do- |
-do- |
|
5. |
-do- |
-do- |
USA |
Any country including USA |
Any producer other than (4) |
881 |
-do- |
-do- |
|
6. |
-do- |
-do |
Any country other than Korea RP, USA and Singapore |
USA |
Any |
881 |
-do- |
-do- |
|
7. |
-do- |
-do |
Singapore |
Any country including Singapore |
Any |
349 |
-do- |
-do- |
|
8. |
-do- |
-do |
Any country other than Korea RP, USA and Singapore |
Singapore |
Any |
349 |
-do- |
-do |
2. The anti-dumping
duty imposed under this notification shall be levied for a period of five years
(unless revoked, superseded or amended earlier) from the date of publication of
this notification in the Official Gazette and shall be payable in Indian
currency.
Explanation.- For the purposes of this
notification, rate of exchange applicable for the purpose of calculation of
such anti-dumping duty shall be the rate which is specified in the notification
of the Government of India, in the Ministry of Finance (Department of Revenue),
issued from time to time, in exercise of the powers conferred by section 14 of
the Customs Act, 1962 (52 of 1962), and the relevant date for the determination
of the rate of exchange shall be the date of presentation of the bill of entry
under section 46 of the said Customs Act.
[F. No. CBIC-190354/24/2024-TRU Section-CBEC]