Product Description- The product under consideration is Liquified Natural Gas Fuel Tank (LFT)
HS Code- The product under consideration is classified under Chapter 73 of the Customs Tariff Act, 1975, under sub-heading 7311 under the code- 7311 00 90.
Uses- LNG fuel tanks are used for maintaining the temperatures of liquids contained in them. They are, in simpler terms, double walled vacuum cylinders with superinsulation used for the purpose of carrying fuel inside them that is used for combustion in commercial vehicles such as trucks. They have heat exchanger coil on one end that is used to vaporise the liquid fuel into vapors so that the same reaches the engine easily and can be used for combustion.
Countries involved- China PR
Applicants- Mis Inox India Limited
Period of Investigation- The period of investigation is from 1st July 2023 – 30th June 2024.
Injury Period- The injury examination period is 2020-21, 2021-22, 2022-23, and the period of investigation.
Facts of the present case- The present application was filed for redressal of dumping of LFT from China PR. Apart from applicant, there is one other producer in India namely M/s. Cryogas Equipment Private Limited. There has been a significant increase in the volume of subject imports over the injury period. The applicant has claimed that the prices of subject imports on PCN wise basis are coming below the cost of sales of the applicant in the domestic market and have impacted the prices of the applicant. As a result of the dumped imports form the subject country, the cash profits and return on capital employed of the applicant has declined significantly.