The Directorate General of Trade Remedies (DGTR) has recommended imposing anti-dumping duties for five years on imports of acrylic fibre and liquid epoxy resins. The move aims to protect domestic manufacturers from injury caused by low-priced imports.
Proposed Duty Structure
For acrylic fibre, DGTR has suggested duties ranging from $34 to $920 per metric ton, based on the country of origin and manufacturer. These measures target imports from China, Thailand, and Peru. For liquid epoxy resin, the recommended duties fall between $34 and $286 per metric tonne on imports from China, South Korea, Saudi Arabia, Taiwan, and Thailand.
Findings from the Investigation
The investigation, launched after complaints from domestic producers, revealed significant dumping of these products. This practice drove down market prices and squeezed profit margins. It also caused negative returns on investment and reduced market share for Indian manufacturers.
Impact on Competition and Downstream Industries
DGTR concluded that anti-dumping measures are essential to restore fair competition. The authority also clarified that the proposed duties would not negatively impact downstream industries that use these materials.
Next Steps in Implementation
As reported by knnindia.co.in, the final notification will come from the Central Board of Indirect Taxes and Customs (CBIC). The Department of Revenue typically endorses DGTR’s recommendations.
