India To Continue Anti-Dumping Duty Levy On Pentaerythritol Imports From China .

The Finance Ministry has decided to continue levying the definitive anti-dumping duty of $515 per tonne on Pentaerythritol imports from China for another five years unless revoked earlier, reports said, quoting a revenue department official.

The move follows recommendation by the Designated Authority in the Commerce Ministry that definitive anti-dumping duty be continued on Pentaerythritol imports from China for five more years. In April 2006, the Finance Ministry imposed definitive anti-dumping duty on Pentaerythritol imports from China and Sweden.

Pentaerythritol, an organic compound, is mainly used in the surface coating industries. It finds application in the manufacture of alkyl resin, plasticizers, printing inks, synthetic rubber, stabilizers for plastics, detonators, explosives, pharmaceuticals and synthetic lubricants.

In March this year, the Designated Authority also recommended that the existing anti-dumping duty on all Pentaerythritol imports from Sweden be discontinued, which has now been accepted by the revenue department.

Kanoria Chemicals & Industries Ltd. had requested continuation of investigation for review and enhancement of anti-dumping duty in force concerning imports of Pentaerythritol from China and Sweden. Asian Paints Ltd. is another manufacturer of Pentaerythritol, but largely a captive consumer.

Source : rttnews.com