Product Description- The product under consideration is Polytetrafluoroethylene (PTFE).
HS Code- The product under consideration is classified under Chapter 39 of the Customs Tariff Act, 1975, under 39046100.
Uses- PTFE isused in electrical, electronic, mechanical, and chemical industries for its unique properties.
Countries involved- China PR and Russia
Applicants- Gujarat Fluorochemicals Ltd.
Period of Investigation- The period of investigation is from 1st April 2023- 31st March 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 PTFE from China PR and Russia. The applicant is the de-facto sole producer in India. There has been a significant increase in the volume of subject imports over the injury period. The applicant has claimed that the subject imports are undercutting the prices of the applicant in the domestic market and have had a depressing effect on its prices. As a result of the dumped imports form the subject countries, the cash profits and return on capital employed of the applicant has declined significantly.