Initiation of anti-dumping investigation concerning import of Poly Vinyl Chloride Paste Resin originating in or exported from China PR, Korea RP, Malaysia, Norway, Taiwan & Thailand (30.09.2023)

Product description: The product under consideration is PVC Paste Resin or ‘Emulsion PVC’, produced by either emulsion or micro-suspension polymerization process. Products with a K value of less than 60, PVC blending resin, co-polymers of PVC paste and battery separator resins have been excluded from the product scope.

HS Codes – The product is classified under chapter 39 of the Customs Tariff Act,1975 and has a dedicated code (39041010). The custom classification is only indicative and is not binding.

Uses: PVC Paste Resin is primarily used to make faux leather. Other uses include production of tarpaulins, coated fabrics, coated beltings, toys, automotive sealants, adhesives and gloves.

Countries involved: China PR, Korea RP, Malaysia, Norway, Thailand and Taiwan.

Applicant: M/s Chemplast Sanmar Limited

Period of investigation: The period of investigation is from April 2022 to March 2023.

Injury period: 2019-20, 2020-21, 2021-22 and the period of investigation.

Facts of the present case: The application was filed in response to significant dumping of the product under consideration from the subject countries into the Indian market and the resultant injury to the domestic industry. There is prima facie evidence of significant price undercutting by the imports, which has prevented the domestic industry from increasing its prices to recover costs and earn a reasonable rate of return. There is also prima facie evidence of a causal link between the dumped goods and the injury suffered by the domestic industry.