Product Description – The product under consideration is BIS (2,2,6,6-Tetramethyl-4-Peridyl) Sebacate also known as UV 770 or Hindered Amines Light Stabilizer 770 (HALS 770). It is a low molecular weight organic compound with a colourless to pale yellow in colour.
HS Codes – 2933 39 90 and 3812 39 90
Uses – The product under consideration is added to polymer compounds for protection of such polymers from degradation from sunlight. The product under consideration is used in masterbatches for making Flexible Intermediate Bulk Container (FIBC) bags. It is also used in tapes and polymer mouldings for making car bumpers and car door panels.
Countries involved – China and European Union
Applicants –
- Clean Science and Technology Limited
- Clean Fino-chem 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 for redressal of dumping and injury to the applicants from imports UV-770 from the European Union and China. The evidence submitted by the domestic industry showed that the imports from the subject countries have materially retarded the establishment of the domestic industry in India. The Authority has noted that the dumping has prevented price increase in India and forced the domestic industry sell its goods at below the cost of sale. The performance of the domestic industry is much below the projected sales prices, capacities and sales volume. Instead of projected profits it has incurred significant losses, cash losses and recorded negative return on investment. Accordingly, the Authority found it appropriate to initiate the anti-dumping investigation.