In order to safeguard domestic producers, the commerce ministry's investigation arm -- Directorate General of Trade Remedies (DGTR) has recommended imposition of an anti-dumping duty of up to $339 per tonne on imports of PVC resins from seven countries, including China, the US and Korea.
The DGTR in its preliminary findings has concluded that 'PVC suspension resins' have been exported to India at a price below the normal value, resulting in dumping. It was found that the imports from these countries - China, Indonesia, Japan, Korea RP, Taiwan, Thailand and the US - have caused material injury to the domestic industry. Accordingly, the authority recommends imposition of provisional anti-dumping duty on the imports.
The DGTR conducted the probe following applications regarding the same from domestic players, including DCM Shriram and DCW. These resins are commonly used in various sectors, including pipes and fittings, films and sheets, bottles, wire and cables.
