Safeguard duty on phenol continued, imposing time-limited import measures with tariff rates and conditional exemptions. The Central Government imposed a temporary safeguard duty on imports of phenol after findings that increased imports continued to threaten serious injury to domestic producers, prescribing a higher duty in the first year and a lower duty in the second year. The notification includes exemptions for phenol imported under specified quantity and annual based Advance Licences subject to non transferable and actual user conditions, and exempts imports from developing countries except specified exceptions; it invokes the statutory safeguard framework and implementing rules.
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Safeguard duty on phenol continued, imposing time-limited import measures with tariff rates and conditional exemptions.
The Central Government imposed a temporary safeguard duty on imports of phenol after findings that increased imports continued to threaten serious injury to domestic producers, prescribing a higher duty in the first year and a lower duty in the second year. The notification includes exemptions for phenol imported under specified quantity and annual based Advance Licences subject to non transferable and actual user conditions, and exempts imports from developing countries except specified exceptions; it invokes the statutory safeguard framework and implementing rules.
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