India initiates anti-dumping probe into imports of nylon chips from China, Russia

NEW DELHI: The commerce ministry’s arm, DGTR, has initiated an anti-dumping probe into imports of nylon chips and granules — used in the textiles industry, from China and Russia, following a complaint by a domestic manufacturer. The applicant has alleged that the dumping of Nylon 6 Chips and Granules with relative viscosity (RV) below 3 is impacting the domestic industry. The applicant, Gujarat Polyfilms, has requested the imposition of anti-dumping duties on imports from China and Russia, the Directorate General of Trade Remedies (DGTR) said in a notification. It said that the directorate has prima facie found sufficient evidence of dumping from these countries. “The authority, hereby, initiates an anti-dumping investigation,” it said. If it is established that the dumping has caused material injury to the domestic player, the DGTR would recommend imposing a levy on imports. The finance ministry takes the final decision to impose duties. Countries conduct anti-dumping probes to determine whether a surge in cheap imports has harmed domestic industries. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO). The duty is aimed at ensuring fair trading practices and creating a level playing field for domestic producers vis-a-vis foreign producers and exporters. India, China and Russia are members of the WTO. India has already imposed anti-dumping duties on several products to tackle cheap imports from various countries, including China.