Initiation of anti-dumping investigation concerning imports of Viscose Rayon Filament Yarn originating in or exported from China PR (30.09.2022)

Product description – The product under consideration in the present investigation is Viscose Rayon Filament Yarn/Thread classifiable under customs classification 5403, excluding Yarn produced through Spool Spun Technology. Only ready to use Embroidery thread on small bobbin that can be installed on Embroidery machine, and which is classifiable under customs classification 5401, is excluded from the scope of present investigation. Further, both dyed and undyed yarn are within the scope of the product under consideration.

HS Codes There is no dedicated customs classification. The product is classified under Chapter 54 of the Customs Tariff Act, 1975 and is imported under various codes such as 54031000, 54031090, 54033100, 54033200, 54034110, 54034120, 54034130, 54034150, 54034170, 54034190.

Uses – The product under consideration is used in textile clothing sector to manufacture Woven Fabrics, Home Furnishings, Knitting and others.

Countries involved – China PR

Applicants – Association of Man-Made Fibre Industry of India & M/s Grasim Industries Limited.

Period of investigation – 1st April 2021 to 31st March 2022.

Injury period – 2018-19, 2019-20, 2020-21 and the period of investigation.

Facts of the present case – The Authority has prima facie found increased volume of dumped imports in absolute as well as in relative terms in comparison to the production and consumption in India, decline in market share of the domestic industry and increase in the share of dumped imports. It has been prima facie established that the performance of the domestic industry has been adversely impacted in respect of parameters such as production, capacity utilization, profits, return on capital employed and cash flow, as a result of dumped imports from the subject country.