Anti-dumping duty to continue on Pentaerythritol imports from China
The Dollar Business Bureau
Directorate General of Anti-Dumping & Allied Duties (DGAD), in its sunset review, has recommended the continuation of imposition of anti-dumping duty on pentaerythritol imports from China.
“The Authority recommends that the revised and continuation of anti-dumping duties be imposed from the date of issue of notification by the Central Government on all imports of Pentaerythritol falling under chapter 29 of Custom Tariff Classification Act 1975, originating in or exported from China PR,” the DGAD said in a notification (F.No.15/01/2016-DGAD) on Friday.
“After examining and analysing the facts and figures concerning injury to the domestic industry, the Authority concludes that despite the presence of anti-dumping duties, imports from China are entering at dumped prices,” the notification added.
Pentaerythritol is an organic compound used in the manufacture of alkyd resin, resin esters, plasticizers, printing inks, synthetic rubber, stabilizers for plastics, modified drying oils, detonators, explosives, pharmaceuticals, core oils and synthetic lubricants.
An application was filed by M/s Kanoria Chemicals and Industries Limited as a domestic producer of the product.
DGAD had initiated the anti-dumping investigation concerning the imports of pentaerythritol from China and Sweden, on February 4, 2005. It had notified final findings on February 2, 2006 recommending definitive antidumping duty on the imports from China and Sweden.
DGAD initiated the sunset review investigations on March 26, 2010 and recommended continued imposition of definitive anti-dumping duties on imports from China PR on March 25, 2011. The Ministry of Finance had extended definitive anti-dumping duty from China PR on June 14, 2011. However, anti-dumping duties on imports from Sweden were revoked in the sunset review.
On June 13 last year, the Government has extended the validity of anti-dumping duty on pentaerythritol imports from China till June 13, 2017.