Ministry of Finance revoke anti-dumping duty

Oct 21, 2021 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance class="MsoNormal" style="text-align: justify;">The Ministry of Finance on October 20, 2021 has revoke the anti-dumping duty imposed on “Phenol”, falling under tariff item 2907 11 10 of the First Schedule to the Customs Tariff Act, 1975 originating in or exported from the European Union, Singapore and Korea RP and imported into India.

Further, rescinds the notification no. 06/2016-Customs (ADD), dated March 8, 2016 which is related to the imposition of anti-dumping duty rate on the “Phenol” good”.

[Notification No- G.S.R.748(E)]

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