Dumping Probe Against Chinese Ball Bearings

New Delhi, September 25: | Updated: Sep 26 2002, 05:30am hrs
The designated authority set up in the commerce ministry to probe dumping cases has initiated anti-dumping investigations into imports of ball bearings and parts of components (up to 50 mm bore diameter) from China, Poland, Russia and Romania on grounds of injury to the domestic industry. The move follows a petition filed by New Delhi-based Ball and Roller Bearing Manufacturers Association.

The period of investigation is from January 1, 2001 to March 31, 2002. The petitioner companies account for more than 50 per cent of the domestic production of the product in question and fulfill the criteria for filing the petition.

The petitioners have claimed that there is a difference between the product manufactured by them and the dumped goods. The authority has, therefore, treated the goods produced by the petitioners as like articles to that imported from the above countries for purposes of investigations.

The authority has also received information from the petitioners on various parameters relating to injury such as the volume of imports, loss in market share, price under-cutting, price under-selling, low return on investment, decreased profit in the manufacturing of ball and roller bearings and their component, all of which prima facie indicated that the domestic industry has suffered material injury on account of dumping.