Product description – The product under consideration is Acetonitrile. Acetonitrile is also known as MeCN (Methyl Cyanide), Cyano methane, Ethane Nitrile, Ethyl Nitrile and Methane Carbonitrile.
HS Code – 292690
Countries Involved – China PR, Russia and Taiwan.
Applicant – Alkyl Amines Chemicals Limited.
Supporters – Balaji Amines Limited and Jindal Speciality Chemicals Limited
Period of investigation – 1st October 2022 to 30th September 2023.
Injury margin – 2020-21, 2021-22 and 2022-23 and the period of investigation.
Margins and recommended duties:
Country | Producer | Dumping Margin | Injury Margin | Duty |
China PR | Nantong Liyang Chemical Co., Ltd. | 10-20% | 10-20% | $202/MT |
China PR | Shandong Kunda Biotechnology Co., Ltd | 10-20% | 10-20% | $292/MT |
China PR | Weifang Zhonghui Chemical Co., Ltd | 20-30% | 10-20% | $260/MT |
China PR | Any other producer | 20-30% | 20-30% | $481/MT |
Russia | Any producer | 20-30% | 10-20% | $292/MT |
Taiwan | Any producer | 20-30% | 10-20% | $233/MT |
Key Findings –
- The application was filed by one producer of like article in the country constituting a major proportion of the total Indian production.
- The Authority determined that acetonitrile of 98% purity is nothing but impure form of 99.9% acetonitrile, and has no independent use, no exclusion is warranted.
- The Authority determined the dumping and injury margin on a quarterly basis to ensure a fair comparison given the significant fluctuations in the prices of raw materials and landed price of subject imports.
- The imports from subject countries have significantly increased in the period of investigation in comparison to the preceding year in both absolute and relative terms.
- The import price is below the selling price of the applicant resulting in positive price undercutting.
- While the cost of sales has declined in the period of investigation, the decline in the selling price is higher. The prices of the domestic industry are depressed.
- The applicant is suffering in both volume and price parameters during the period of investigation.
- The dumping margin and injury margin are positive and significant.
- Imposition of anti-dumping duties will have a negligible impact on the downstream industry and is in the larger public interest.
- Given the nature of the product, industry and the extent of the injury caused by dumped imports, the Authority considers the imposition of anti-dumping duty for a period of five 5 years.