Product description – R-32 or Difluoromethane has the chemical formula CH2F2 and is registered as CAS No. 75-10-5. It is also known as HFC-32, FC-32, Freon-32, Methylene difluoride, Methylene fluoride, Carbon fluoride hydride, halocarbon R32, fluorocarbon R32, and UN 3252.
HS Codes – 290339
Uses – The HFC Component R-32 is mainly used in residential air conditioning systems.
Countries involved – China PR
Applicants – M/s SRF Limited
Period of investigation – 1st April, 2019 to 31st March, 2020 (12 months)
Injury period – 2016-17, 2017-18, 2018-19 and 2019-20
Past investigations involving the product – N/A
Facts of the present case – There has been an increase in the volume of dumped imports in absolute terms as well as relative to the production in India. The dumped imports are undercutting the selling price of the domestic industry. They also have price depressing and price suppressing effects. Owing to the same, the Applicant’s performance has been adversely impacted leading to an increase in inventories, and a decline in capacity utilization, market share, profits, return on capital employed and cash profits during the POI as compared to the preceding year.