The Ministry of Finance has removed anti-dumping duties on imports of polytetrafluoroethylene (PTFE) from South Korea and Russia.
It also repealed anti-dumping duties on imports of phenol from the European Union, South Korea and Singapore.
Deepak Phenolics Ltd and Hindustan Organics Chemical Ltd had filed a request for a sunset review of the anti-dumping duty imposed on phenol originating in or exported from the European Union, South Korea and Singapore.
Phenol is used in phenol-formaldehyde resins, laminates, plywood, particle board, bisphenol A, and pharmaceuticals.
In the case of PTFE, Gujarat Fluorochemicals had filed a petition requesting a fourth sunset review investigation on imports from South Korea and Russia.
The anti-dumping duty on PTFE imports from Russia is due to expire on November 30.
It should be recalled that in June 2016, the Ministry of Finance levied a definitive anti-dumping duty of 739.77 yen per tonne on PTFE imports from Russia for five years.
This duty was due to expire on June 5 of this year, but was extended until October 31 after the initiation of the fourth sunset review investigation by the General Directorate of Trade Remedies (DGTR) in February this year for the maintenance of an anti-dumping duty on imports of PTFE from Russia. This obligation was again extended for one month until November 30.
PTFE is mainly used in the electrical, electronic, mechanical and chemical industries for its unique characteristics such as chemical inertia, electrical and thermal insulation, and outstanding electrical properties over a wide frequency range.