15 October 2013 07:03 [Source: ICIS news]
KOLKATA (ICIS)--India has initiated antidumping investigations into imports of purified terephthalic acid (PTA) from China, South Korea, EU and Thailand, an official in ministry of commerce said on Tuesday.
The ADD investigations would be conducted by the Directorate General of Anti-Dumping & Allied Duties (DGAD) which has already sought documentations and submissions from importers and domestic producers, the official said.
The injury investigation period under consideration would span from 1 April 2009 to 31 March 2013.
The investigations follow complaints of dumping submitted to DGAD by Mitsubishi Chemical Corp (MCC) PTA India and Reliance Industries Ltd (RIL) which together account for over 50% of India’s production of PTA, the official added.
In a notification, DGAD said that “there is sufficient prima facie evidence of injury being suffered by the domestic industry caused by dumped imports from subject countries to justify an antidumping investigation”.
“The applicants [MCC PTA India and RIL] have furnished evidence regarding injury having taken place as result of the alleged dumping in the form of increased volumes of dumped imports in absolute terms and in relation of price underselling,” the notification said.
In filings before DGAD, both MCC PTA India and RIL have declared that neither of the domestic producer imported PTA into India during the period under investigations nor any of their related companies or entities were involved in importing the product.
In this regard, MCC PTA India has filed that its parent company, MCC Japan, held a majority stake in a PTA production facility in South Korea, and the parent company had imported PTA to India during the alleged injury period.
However, this imported quantity was solely for product testing by customers, and the company is not a regular exporter of PTA to India.
According to the official, variants of PTA like medium quality terephthalic acid (MTA) and qualified terephthalic acid (QTA) would be included within the ambit of ADD investigations.
However, di-methyl terephthalic acid (DMT) would not be included since the petitioners had requested for it be kept out of investigations as it is a chemically different product.
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