Initiation of countervailing duty/ anti- subsidy investigation concerning imports of Epichlorohydrin imported from Thailand (29.09.2023)

Product description – The product under consideration is Epichlorohydrin, abbreviated as ECH.

HS Codes – 2910 30 00.

Uses – ECH is majorly used to make epoxy resins. It is also used in pharmaceutical API, water treatment, paper chemicals, synthetic rubbers, and surfactants and as a strength additive in papers.

Country Involved – Thailand

Applicants – Meghmani Finechem Limited

Period of investigation –1st April 2022 to 31st March 2023

Injury period – 2019-20, 2020-21, 2021-22 and the period of investigation

Facts of present case – The application was filed for redressal against subsidized imports of ECH from Thailand. The evidence submitted by the domestic industry shows that the exporters in Thailand have received countervailable subsidies and imports of such subsidised imports have materially retarded the establishment of the domestic industry in India. The import prices have declined even below the raw material cost. Further, the applicant has claimed that the imports are undercutting the actual as well as the projected prices of the domestic industry, Thus, the domestic industry has suffered in terms of low capacity, depressed prices, low market share, increased inventories and significant financial losses.