The government has initiated anti-dumping investigation concerning import of Viscose Staple Fibre (VSF) excluding bamboo fibre originating in or exporting from China and Indonesia.
The Association of Man Made Fibre industry of India (AMFII) has filed an application before the designated authority last month and has requested for initiation of anti-dumping investigation and levy of anti-dumping duties. The period of investigation for the purpose of the present investigation is July 1 to December 31, 2008. Grasim Industries Ltd (GIL) is the sole producer of such product in India and has provided injury and costing information.
?Our association has filed an application before the designated authority and requested for the initiation of anti dumping investigation as the industry was suffering from such imports. There is sufficient evidence to justify initiation of an anti-dumping investigation in terms of AD rules,? Vijay Kaul, chief marketing officer, Grasim Industries Ltd (GIL) told FE.
The domestic industry had to reduce its VSF prices by nearly 25% during FY2009 due to dumping of such material from China and Indonesia, he added. The applicant has claimed that there is no other producer in India. As per the evidence available on record, production of GIL accounts for a major proportion of the domestic production. The production of Grasim is more than 50% of Indian production. The countries involved in the present investigation are People?s Republic of China and Indonesia (referred to as subject countries).
There is, prima facie, evidence that the normal value of the subject goods in the subject countries is significantly higher than the ex-factory export price indicating, prima facie, that the subject goods are being dumped by exporters from the subject countries. Parameters like increase in the absolute volume of imports and increase in the market share of imports from the subject countries in total imports, significant decline in the domestic selling price indicate that the industry has suffered material injury on account of dumping of subject goods from subject countries.