Product Description – The product under consideration is certain azepine intermediates, viz. ISBCC (Iminostilbene Carbonyl Chloride) and 10 MISB (10-Methoxyiminostilbene), and their precursor, IDB (Iminodibenzyl). ISBCC, 10MISB and IDB constitute one product. ISBCC and 10 MISB are produced by processing IDB.

HS Codes – 2921 30 90, 2922 19 90, 2931 90 90, 2933 19 20, 2933 99 10, 2933 99 90 and 2934 99 90.

Uses: The product under consideration is primarily used as an intermediate for making active pharmaceutical ingredients (APIs), particularly those for anticonvulsant and antipsychotic medications used in the treatment of epilepsy and seizures.

Country Involved – China PR

Applicant – M/s Aether Industries Limited

Date of Initiation – 20^th March 2026

Period of Investigation – 1^st October 2024 to 30^th September 2025 (12 months).

Injury Period – 1st April 2022 – 31st March 2023, 1st April 2023 – 31st March 2024,

1st April 2024 – 31st March 2025 and the period of investigation.

Facts of the present investigation: The present application was filed by Aether Industries Limited, seeking redressal against material injury due to dumping of the subject goods.  The applicant has claimed that the volume of imports has been significant. The subject imports registered some decline in 23-24 after the applicant started producing subject goods in the base year, however, imports increased thereafter. The landed price of imports registered a steep decline without a corresponding decline in cost of production. Thus, subject imports have had a depressing effect on domestic prices. Despite being a new producer, the domestic industry was able to make profits in its first year of operation, however, the performance declined steeply with decline in imports price. The adverse volume and price effect of the dumped imports has resulted in deterioration in the performance of the domestic industry in respect of cash profit, profits and return on investment. The average inventory with the applicant has increased over the injury period. The Authority having been prima facie satisfied by the information provided, initiated the investigation vide Notification No. F. No. 6/15/2026-DGTR dated 20^th March 2026. prima facie found that there are significant imports of the product under consideration.