The Ministry of Finance has extended the validity of existing anti-dumping duties on imports of “polytetrafluoroethylene” (PTFE) from Russia until October 31 this year. This anti-dumping duty was due to expire on June 5, 2021.
The decision by the Revenue Department follows the initiation of a fourth sunset review investigation by the Directorate General of Trade Remedies (DGTR) in February this year for the continuation of the imposition of anti-dumping duties on imports of PTFE from Russia. The DGTR had recommended the extension of the anti-dumping duty following the initiation of sunset review investigations.
Gujarat fluorochemicals had filed a petition requesting a fourth sunset review investigation into imports of PTFE from Russia.
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 its outstanding electrical properties over a wide frequency range.
It can be recalled that in June 2016, the Ministry of Finance levied a definitive anti-dumping duty of $ 739.77 per metric ton on PTFE imports from Russia for a period of five years.
Phenol imports from EU, Singapore
Meanwhile, the Ministry of Finance extended the validity of the existing anti-dumping duty on imports of phenol from the European Union and Singapore until October 31. The validity of this right was last extended until June 7 of this year (three months from March 8, 2021).
It may be recalled that the Ministry of Finance imposed a definitive anti-dumping duty on imports of phenol from the EU and Singapore in March 2016.
On December 31, 2020, the Trade Remedies Directorate (DGTR) initiated sunset review investigations into imports of phenol from the EU and Singapore. Deepak Phenolics and Hindustan Organic Chemical had filed a sunset review request on imports of phenol from the EU and Singapore.
Phenol is an organic chemical used in phenol-formaldehyde resins, laminates, plywood, particle board, pharmaceuticals, and bisphenol-A.