Product Description – The product under consideration is Homopolymer of Vinyl Chloride Monomer (suspension grade) also known as PVC Suspension Resin.. Cross-linked PVC, Chlorinated PVC (CPVC), Vinyl Chloride Vinyl Acetate Copolymer (VC-Vac), PVC Paste Resins, Mass Polymerisation PVC and PVC Blending Resins are excluded from the scope of the product under consideration.
HS Codes –
- Dedicated Code – 3904 10 20
- Other codes – 3904 10 90, 3904 21 00, 3904 10 10, 3904 22 00, 3904 90 10, 3904 90 90, 3904 30 00 and 3904 21 10.
Countries Involved – China, Indonesia, Japan, South Korea, Taiwan, Thailand and the United States of America.
Applicants – Chemplast Cuddalore Vinyls Limited, DCM Shriram Limited and DCW Limited.
Date of Initiation – 26th March 2024
Period of Investigation – 1st October 2022 to 30th September 2023
Injury Period – 2020-21, 2021-22, 2022-23 and the period of investigation.
Facts of the Present Case – The anti-dumping investigation concerning imports of Poly Vinyl Chloride (PVC) Resin from China, Indonesia, Japan, South Korea, Taiwan, Thailand and the United States of America was initiated vide notification dated 26th March 2024. The applicants have claimed that the volume of subject imports has increased significantly in absolute terms as well as in relation to production and consumption in India and are undercutting the prices of the domestic industry. While the cost of sales as well as the selling price of the domestic industry declined in 2022-23 and the period of investigation, selling price has declined more than decline in the cost of sales. The market share of the domestic industry and the Indian industry as a whole has declined since 2021-22. The profitability of the domestic industry has deteriorated, and it has incurred financial losses during the period of investigation. The cash profits and return on investment earned by the domestic industry have declined significantly.