Vintai Organics Ltd to benefit from anti-dumping duty on import of Para-Tertiary Butyl Phenol

The Ministry of Finance (Department of Revenue), Government of India, vide its Notification No. 04/2024-Customs (ADD) dated March 14, 2024, has imposed anti-dumping duty on the import of "Para-Tertiary Butyl Phenol (PTBP)", falling under tariff item 2907 19 40 of the First Schedule of the Customs Tariff Act, 1975.

The said anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette.

The Company, being a manufacturer of Para-Tertiary Butyl Phenol, is likely to benefit by the said Notification.

Shares of Vinati Organics Limited was last trading in BSE at Rs. 1583.10 as compared to the previous close of Rs. 1592.05. The total number of shares traded during the day was 1618 in over 177 trades.

The stock hit an intraday high of Rs. 1606.80 and intraday low of 1576.85. The net turnover during the day was Rs. 2567588.00.

Source : Equity Bulls

Keywords

VinatiOrganics INE410B01037 Beneficiary AntiDumpingDuty ParaTertiaryButylPhenol