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India begins review of anti-dumping duty on melamine imports from China


Date: 24-09-2020
Subject: India begins review of anti-dumping duty on melamine imports from China
NEW DELHI: India has begun a sunset review of an anti-dumping probe on the imports of melamine from China based on a complaint by Gujarat State Fertilizers & Chemicals Limited. Antidumping duty was first imposed on the product in 2004 and was extended after multiple reviews. The existing duties will expire on January 27, 2021.

“There is prima facie evidence of dumping and consequential injury to the domestic industry,” Directorate General of Trade Remedies (DGTR) said in a notification on Wednesday, adding that there is a likelihood of dumping and consequential injury on cessation of the anti-dumping duty.

Melamine is used for making melamine formaldehyde, which in turn is used in producing downstream products. Melamine formaldehyde resin used for laminates offer good hardness, resistance to scratch, stain, water and heat.

The DGTR said that there is prima facie evidence of dumping and consequential injury to the domestic industry on account of volume effect that is significant imports, low production, capacity utilization, sales and market share and price effect due to positive and significant price undercutting and price underselling which has led to losses, cash losses and negative return on capital employed.

As per the notification, the data provided by the applicant on the significant dumped imports despite duties, third countries dumping, price attractiveness of the Indian market, injurious exports to other countries, capacity expansions, surplus capacities, duties imposed by other countries against the subject country and export orientation in the subject country, indicate a likelihood of dumping and consequential injury on cessation of the anti-dumping duty.

“Since this is a sunset review investigation, the Authority will also analyse the post period of investigation data to analyse the trend of imports,” it said.

The period of investigation for the present investigation is FY20 and the injury period will cover the periods FY17-20.

Source:-economictimes.indiatimes.com

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