Product description- The product under consideration is ‘Liquified Natural Gas Fuel Tank’ or also known as ‘Liquid Fuel Tank’ or ‘LFT’.

HS Codes- The product under consideration is classified under Chapter 73, under the HS code 7311 00 90.

Countries involved- China PR

Applicant- Inox India Limited

Period of investigation – 1^st April 2023 to 30^th June 2024

Injury period- 1^st April 2020 to 31^st March 2021, 1^st April 2021 to 31^st March 2022, 1^st April 2022 to 31^st March 2023 and the period of investigation.

Margins and recommended duties-

Key Findings–

1. The product under consideration is ‘Liquified Natural Gas Fuel Tank (LFT)’, also described as ‘Liquid Fuel Tank’ or ‘LFT.
2. The domestic industry has sold the product under consideration to the participating user.
3. The domestic industry has placed to record evidence showing that it has manufactured and sold product under consideration in the range of 200-litre to 990- litre segment during the injury period. This covers the complete product range.
4. Other than applicant, there is one other producer of the subject goods in India, namely Cryogas Equipment Private Limited.
5. No interested party from China PR participated in the present investigation to rebut the non-market economy presumption as mentioned in para 8 of Annexure-I of the Rules. Therefore, normal value for China PR is determined as per facts available.
6. The dumping margin determined for producers/exporters from China PR is positive and significant.
7. Demand for the product under consideration has increased over the injury period.
8. Imports from subject country has increased substantially both in absolute and relative terms over the injury period.
9. The landed price of the subject imports in the period of investigation is marginally above the selling price of the domestic industry resulting in marginal negative price undercutting.
10. The landed price of the imports is below the cost of sales of the domestic industry.
11. The landed price of imports being below the cost of sales has prevented the domestic industry from charging adequate remunerative prices.
12. The capacity of the domestic industry remains same over the injury period except in 2021-2022.
13. The market share of the domestic industry declined continuously over the injury period. At same time, imports from subject country hold pre-dominant share in demand during the period of investigation. The market share from non-subject countries remained negligible.
14. The domestic industry has suffered losses in the period of investigation. The domestic industry also suffered loss before interest.
15. The domestic industry has not suffered due to other factors. Material injury caused to the domestic industry is due to dumping of the product under consideration from subject country.
16. The non-injurious price has been determined by adopting the information/data relating to the cost of production provided by the domestic industry.
17. The injury margin determined for producers/exporters from China PR are positive and significant.
18. The impact of anti-dumping duty on downstream producers is insignificant.
19. Anti-dumping duty would ensure that the imports are entering the Indian market at fair prices and a level playing field is maintained between the foreign exporters and the domestic industry.
20. Imposition of anti-dumping duty would not be against the larger public interest.