Safeguard duty on phenol imposed, with higher initial rate then reduced rate, and specified licence and developing-country exemptions. A safeguard duty is imposed on Phenol (sub-heading 2907.11) for two years based on findings of threat to domestic industry, with a higher initial rate followed by a reduced rate for the later part of the period. Exemptions apply to imports under specified Advance Licences (subject to non-transferable and actual-user conditions and restricted use for export obligation discharge or replenishment) and to imports from notified developing countries, excluding one specified country; the notification defines eligible Advance Licences by reference to Export and Import Policy provisions.