Product description – The product under consideration is Belting Fabric made of 80% or more of polyester or nylon in any combination, including chafer fabric.
HS Codes – The product does not have a dedicated code and are classifiable under subheading 5906 99 90 of Chapter 59, Customs Tariff Act.
Uses – The most common use of the product under consideration is in the conveyor belts. It is a reinforcement material for manufacturing of various types of industrial belts, including conveyor belts, transmission belts and automotive belts. Prominent mines and/ or industries use conveyor belts in the fields of coal, steel, cement, power etc. Based on the raw material consumed and resultant end usage requirement in a conveyor belt, various yarn varieties are used.
Countries involved – China PR
Applicant – SRF Limited
Period of investigation – 1st April 2024 – 31st March 2025
Injury period – 2021-22, 2022-23, 2023-24 and the period of investigation
Facts of the present case – The present application was filed pursuant to the dumping from China PR. The import volume has increased over the injury period and because the applicant decided to sacrifice on its profitability, the import volume declined also during the period of review. Further, there is positive price undercutting The imports have depressed the prices of the applicant in the proposed period of investigation as a result of which the applicant has witnessed a steep decline in profit, cash profit, profit before interest and return on capital employed. The ability to raise capital has been impacted. It is thus evident that the applicant has suffered material injury.