Product description: The product under consideration is Viscose Rayon Filament Yam/Thread (VFY) above 75 deniers, 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.
HS Codes: The product does not have classification. The product is classified under Chapter 54 of the Customs Tariff Act, 1975 and is imported under various codes such as 54031090, 54033100, 54033200, 54033300, 54033990, 54034110, 54034150, 54034190, 54034911, 54034912, 54034913, 54034919 and 54034990.
Uses: The product under consideration is used in textile clothing sector to manufacture Woven Fabrics, Home Furnishings, Knitting and others.
Country Involved: China PR
Applicants: Association of Man-Made Fibre Industry of India and Grasim Industries Limited.
Period of investigation: 1st October 2023 – 30th September 2024.
Injury period: 2021 –2022, 2022 –2023, 2023 –2024, and the period of investigation.
Facts of the present case: The Authority prima facie found that the imports from China PR increased in absolute term in the period of investigation and holds significant share in the total demand and production. The subject imports are supressing the prices of the domestic industry. As a result, the domestic industry has incurred severe losses, cash losses, cash losses, loss before interest and tax and negative return on capital employed. With increase in dumped imports, the inventories with the domestic industry increased.