Product description – The product under consideration is “Polytetrafluoroethylene (PTFE)”. PTFE is produced in various grades, such as molding grade, fine powder, aqueous dispersion and compound grades of filled grades. All grades that were included in the scope of review.
HS Codes – The product under consideration falls under Customs sub-headings ‘39046100’. However, these have been considered as indicative only and no way binding on the scope of present investigation.
Uses – PTFE is primarily used in electrical, electronic, mechanical and chemical industries for their unique characteristics which are chemical inertness, electrical and thermal insulation, low coefficient of friction, non-toxic, non-flammable, resistance to radiation, low level of static and dynamic friction and outstanding electrical properties over a wide frequency range.
Countries involved – Russia.
Applicants – M/s. Gujarat Fluorochemicals Ltd.
Date of imposition of duty – Original duty was imposed on6th June 2016 and expires on 31st October 2021. Present duty is recommended on 23rd August 2021 and is yet to be imposed by the Ministry of Finance.
Date of initiation – 12th February 2021.
Period of investigation – April 2019 to September 2020.
Injury period – 2016-17, 2017-18, 2018-19 and the POI.
Date of levy of provisional duty (if any, with Customs Notification No.) – N.A.
Margins and proposed duty – DGTR has recommended extension of 1.68 US$/kg as duties.
Key findings –
- There is continued dumping of the subject goods, despite measures being in force thus, warranting a 4th SSR investigation as well. Since, there is continuance of dumping and consequential injury, therefore, it is likely that imports will continue to enter Indian market at dumped prices.
- Imports have also appeared via circumvention through South Korea on which measures have already been extended.
- Domestic industry consequently, has been found to have continued to suffer injury in the POI of this investigation.