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Dumping probe initiated on acrylic yarn from Nepal

Our Bureau

NEW DELHI, July 4

THE Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into imported acrylic yarn from Nepal in response to a petition filed by the affected domestic units.

In its initiation notification, issued on Tuesday, the Authority said that the petition has been filed by Punjab Fibres, Nawan Shahar, Punjab, Vardhman Spinning and General Mills Ltd, Sportking India Ltd and Malwa Cotton Spinning Mills Ltd (all from Ludh iana) and the petitioners share in the total domestic production of acrylic yarn is more than 25 per cent.

Acrylic yarn is made of acrylic fibre and spun in mainly 3-4 counts and it could be made either from 100 per cent acrylic fibre on combination of 90 per cent acrylic fibre blended with 10 per cent polyester or viscose or 85 per cent acrylic fibre blended with 15 per cent polyester or viscose. Acrylic yarn is used for production of knitwears, hosiery and shawls.

The Authority held that the petitioners have produced prima facie evidence about the export price of the subject goods and there is sufficient evidence that normal value of the subject goods in Nepal is significantly higher than the net export price indi cating that the subject goods are being dumped by exporters.

Various parameters pertaining to injury such as the decline in market share, decline in sales, decline in the sales realisation, increase in losses of the domestic industry to realise fair and reasonable price from sale of acrylic fibre indicate collecti vely and cumulatively that the domestic industry has suffered material injury on account of dumping. Hence the initiation of dumping probe and the period of investigation is from April 1, 2000 to March 31, 2001.

Dumping probe into import of Vitamin AB2D3K: In yet another initiation notification, the Authority has notified its intention to initiate probe into imported Vitamin AB2D3K originating in or exported from the European Union, US, Thailand and Singapore. T he product under probe is a loose, browinish-yellow coloured powder containing Vitamin A, B2, D3 and K. Groundnut meal is the carrier and it is normally produced in fine granular powder form.

It is an essential component of poultry feed as it is used to provide required Vitamin level in poultry feed for better nutrition. Vitamin AB2D3K single strength and triple strength are used interchangeably by the poultry feed mills and other users.

The petition has been filed by Nicholas Piramal India Ltd which claimed that it is the sole manufacturer of the subject goods in basic stage. Beside Nicholas Piramal, a few other companies also manufacture of the subject goods, though the petitioner acco unts for about 62 per cent of the total Indian production of Vitamin AB2D3K.

As there is sufficient prima facie evidence that normal value of the subject goods in the subject country is significantly higher than the net export price, the Authority held that the subject goods are being dumped by exporters. Hence the initiation of the dumping probe and the period of investigation is from April 1, 2000 to December 31, 2000 (nine months), the Authority said.