DGTR Initiates Anti-Circumvention (CVD) Investigation on High Tenacity Polyester Yarn from China on Complaint of Reliance

[DGFT Initiation Notification Case No.- AD(AC)- 03/2022 dated 27 July, 2022]

· Final findings recommending the definitive antidumping duty on import of High Tenacity Polyester Yarn originating in or exported from China PR vide Notification Number No 6/12/2017- DGAD dated 24th May 2018. The Ministry of Finance, thereafter, imposed the anti-dumping duty on the subject goods from China PR vide Notification No. 35/2018 - Customs (ADD) dated 9^th July 2018.

· The application is supported by Well-known Polyesters Limited.

· Product under consideration is being circumvented by Chinese producers by exporting the product after altering the description. name or composition of the subject goods

· Product under consideration is produced and sold in standard deniers, yarn in abnormal deniers is being imported from China PR only to circumvent the duties in force.

· There was no demand for the product under investigation by the customers in India and even the Indian producers are not producing these deniers.

· Domestic industry has also requested retrospective imposition of the anti-dumping duty on circumventing products. that is. PUI I, PUI II and PUI II from the date of initiation of the investigation.

· The duly substantiated application filed by the domestic industry regarding imports of PUI from China PR and having satisfied itself that there is a change in pattern of trade, alteration of name, description or composition for which there is a lack of economic justification, dumping, and because of that, trade remedial effects of the existing anti-dumping measure has been undermined in terms of decline in market share,