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India initiates anti-dumping probe against NTCF from China
PTI - New Delhi
India has initiated anti-dumping investigations against
imports of nylon tyre cord fabric (NTCF) from China. The directorate general
of anti-dumping and allied duties (DGAD) noted that various economic indicators
relating to domestic industry collectively and cumulatively, prima facie indicated
it had suffered injury and in view of this the authority initiated anti-dumping
investigation to determine the existence, degree and effect of alleged dumping.
The authority observed there was sufficient evidence
about the normal value of NTCF in China being significantly higher than the
price at which it was being exported to India indicating, prima facie that subject
goods were being dumped by exporters from China. “There is sufficient prima
facie evidence that the imports of material under consideration (NTCF) have
caused material injury to the domestic industry,” DGAD said in a notification
recently.
The period of investigation for the purpose of the
inquiry is April 1, 2002 to June 30, 2003.
The DGAD’s decision comes in the wake of a petition
filed by the Association of Synthetic Fibre Industries (ASFI) on behalf of SRF,
NRC, Century Enka, and Nirlon, who produce NTCF in the country and are members
of the association. NTCF finds applications in different kinds of automotive
tyres such as bus and truck tyres, two wheelers, cycle and light commercial
vehicles tyres and animal driven vehicles.
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