India starts probe into NTCF imports from China

12 February 2009 13:41  [Source: ICIS news]

NEW DELHI (ICIS news)--India has initiated a safeguard duty investigation into imports of nylon tyre cord fabric (NTCF) from China following a petition from two domestic manufacturers, a government official said on Thursday.

India’s Directorate General of Safeguards (DGS) said: “Prima facie, increased imports of NTCF from China have caused/threatened to cause market disruption.”  

SRF Ltd and Century Enka Ltd, which account for 95% of domestic NTCF production, have requested the imposition of a provisional safeguards duty and a medium-term safeguards duty, the official said.

According to the official, the companies said that their share in domestic production of NTCF has increased to 100% due to the closure of fellow manufacturers’ plants.

The DGS said it has asked all interested parties to respond to its notification of the investigation by 9 March.

This is the sixth chemicals safeguards probe launched by the DGS amid the global economic slowdown.

In September 2008, India’s anti-dumping authority started a review of an existing anti-dumping duty on NTCF imports from China.

This followed a petition from domestic manufacturers for the extension of the duty and an increase in the levy.

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By: Naresh Minocha
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