“The Applicant has claimed that its performance has been adversely impacted in respect of lost market share, accumulated inventories and consequent decline in profits, cash profits and decline in return on capital employed, as a result of increase in imports of product under consideration,” Directorate General of Trade Remedies (DGTR) said in a notification on Thursday, adding that the period of investigation is FY20.
It said there is sufficient prima facie evidence that the injury is being caused to the domestic industry by dumped imports.
The injury period will cover the FY17-20.
In a separate notification, DGTR said it is initiating a probe on imports of Hydrofluorocarbon (HFC) Blends from China based on a complaint by SRF Limited.
The company has claimed that its performance has been adversely impacted leading to decline in production, sales, capacity utilization and market share, negative return on capital employed and losses.
“There is sufficient prima facie evidence of injury being caused to the domestic industry by dumped imports of subject goods from the subject country,” DGTR said. DGTR recommends the duties while the finance ministry takes a call on levying them.
HFC blends are used in residential air conditioning and heat pumps, commercial air conditioning, commercial refrigeration, transportation refrigeration, and process refrigeration e.g., food processing and chemical manufacturing.
The period of investigation is 2019-20 and the injury investigation period will be FY17-20.
The applicants have claimed that China should be treated as a non-market economy opposed to China’s claim globally that it be treated as a “market economy” which would curb the ability of its trading partners to retaliate with higher duties over Chinese cheap imports and trade disputes.