Product description – The product under consideration is “polytetrafluoroethylene”.

HS Code – 39046100

Uses – It is primarily used in electric, mechanical, and chemical industries for its unique characteristics such as chemical inertness, electrical and thermal insulation, low coefficient of friction, nontoxic, non-flammable, resistance to radiation, low level of static and dynamic friction, and outstanding electrical properties over a wide frequency range.

Countries involved – China PR and Russia

Applicant – M/s Gujarat Fluorochemicals Limited.

Supporter – SRF Limited commenced commercial production in October 2023, and has supported the application.

Period of investigation – 1^st April 2023 to 31^st March 2024

Injury period – 2020-2021, 2021-2022, 2022-2023 and the Period of investigation.

Margins and recommended duties –

Country	Producer	Dumping Margin (%)	Injury Margin (%)	Duty
China PR	Shandong Dongyue Polymer Material Ltd.	50-60	50-60	$2,884.01/MT
	Shaowu Yonghe Jintang New Materials Co. Ltd.	110-120	110-120	$5,206.75/MT
	The Chemours (Changshu) Fluoro Technology Company Limited	Negative	Negative	Nil
	Zhonghao Chenguang Research Institute of Chemical Industry Co. Ltd.	Negative	Negative	Nil
	Others	150-160	140-150	$5,933.70/MT
Russia	Any producer	85-95	80-90	$4,578.80/MT

Key findings –

1. The Applicant is the sole functioning producer of subject goods in India during the POI.
2. The product scope includes aqueous dispersion (A-PTFE), filled compound (C-PTFE), fine powder (D-PTFE), Granular PTFE-suspension grade (PTFE), and granular modified PTFE (PT-PTFE).
3. Demand for subject goods increased from base year to 2022-23 and declined marginally thereafter in the POI.
4. Imports from subject countries increased significantly over the injury period.
5. Imports in relation to Indian production significantly increased over the injury period.
6. Subject imports are significantly undercutting and suppressing prices of the domestic industry.
7. The dumping margin determined is positive and significant.
8. There is no demand-supply gap. The domestic industry can cater to domestic demand.
9. Production and capacity utilisation increased from base year to 2021-22 and declined thereafter upto the POI.
10. Despite sufficient demand, capacity reverted to based year levels in the POI and capacity utilisation remained low.
11. Market share of domestic industry declined by 14% whereas that of subject countries increased by 19% over the injury period.
12. Profitability is at the lowest in the POI. Profits, cash profits and ROI declined significantly in the POI. 
13. Average level of inventories decreased from base year in 2021-22, but increased thereafter significantly until POI.
14. Imports have adversely affected growth of domestic industry in terms of both, volume and price parameters.
15. PTFE is used in intermediate components across industries, and since these parts become part of larger products, duties on PTFE would have minimal effect on overall component cost.