- DGTR has initiated an anti-dumping probe on nylon chips from China and Russia
- Gujarat Polyfilms alleged dumping of Nylon 6 Chips with viscosity below 3
- DGTR found preliminary evidence of dumping impacting the domestic industry
The Commerce Ministry's arm, DGTR, has initiated an anti-dumping probe into imports of nylon chips and granules — used in the textiles industry, from China and Russia, following a complaint by a domestic manufacturer.
The applicant has alleged that the dumping of Nylon 6 Chips and Granules with relative viscosity below 3 is impacting the domestic industry.
The applicant, Gujarat Polyfilms, has requested the imposition of anti-dumping duties on imports from China and Russia, the Directorate General of Trade Remedies said in a notification.
It said that the directorate has prima facie found sufficient evidence of dumping from these countries.
"The authority, hereby, initiates an anti-dumping investigation," it said.
If it is established that the dumping has caused material injury to the domestic player, the DGTR would recommend imposing a levy on imports.
The finance ministry takes the final decision to impose duties.
Countries conduct anti-dumping probes to determine whether a surge in cheap imports has harmed domestic industries.
As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation.
The duty is aimed at ensuring fair trading practices and creating a level playing field for domestic producers vis-a-vis foreign producers and exporters.
India, China and Russia are members of the WTO.
India has already imposed anti-dumping duties on several products to tackle cheap imports from various countries, including China.
India Imposes Anti-Dumping Duty On Chinese Steel And Refrigerant Gas ImportsWatch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
