In order to provide level playing field to all importers, the customs value of Phenolic Resin, Polyurethane Resin, Melamine Resin, Alkyd Resin and Epoxide Resin are selected for determination and uniform application across the board. For the purpose, all stakeholders have been invited for meetings, which were held on March and April, respectively. The view point of all participants was heard in detail and considered to arrive at customs value of Phenolic Resin, Polyurethane Resin, Melamine Resin, Alkyd Resin and Epoxide Resin.
The customs values for Phenolic Resin, Polyurethane Resin, Melamine Resin, Alkyd Resin and Epoxide Resin have been revised at the following customs values: The Phenolic Resin imported from China & Korea is now assessed at US $2.45 per kilogram, Polyurethane Resin (Liquid form) from China is at US $2.80 per kilogram, Polyurethane Resin (Granules, Pellets form) from China is at US $3.50 per kilogram, Polyurethane Resin (pre-Polymer for Shoe Sole) from China is at US $2 per kilogram, Polyurethane Resin from Korea, Malaysia and Singapore is at US $3.20 per kilogram, Polyurethane Resin from Europe is at US $3.93 per kilogram, Melamine Resin from China is at US $1.50 per kilogram, Melamine Resin from Taiwan is at US $1.80 per kilogram, Alkyd Resin from Europe is at US $26 per kilogram, Epoxide Resin from China & Taiwan is at US $3 per kilogram, Epoxide Resin from Korea and U.A.E is at US $3.25 per kilogram and Epoxide Resin (Lapox C-17 and C-51) from India is at US $3.50 per kilogram.
Copyright Business Recorder, 2017