India launches safeguard investigation on 'not-alloyed ingots of unwrought aluminium'
Updated: Apr 30, 2014 04:33:06pm
New Delhi, Apr 30 (KNN) India has notified the WTO’s Committee on Safeguards that it initiated a safeguard investigation on “not-alloyed ingots of unwrought aluminium” on April-7, 2014.
“The Product under Consideration (PUC) is "Not Alloyed Ingots of Unwrought Aluminium" and is classified under Customs sub-heading nos. 76011010 of Chapter 76 of the Customs Tariff Act, 1975,” official data said.
A safeguard investigation seeks to determine whether increased imports of a product are causing, or is threatening to cause, serious injury to a domestic industry.
During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties.
A WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) only if the increased imports of the product are found to be causing, or threatening to cause, serious injury.
According to WTO, the investigation was initiated following the examination of the safeguard petition of the domestic industry (DI) alleging serious injury and threat thereof caused by increased import of the PUC into India.
Relevant factors having significant bearing on the present deteriorating domestic industry, are: the import of PUC has shown an increasing trend in absolute terms as well as the relative terms; Capacity utilization of the domestic industry has declined in the most recent period; Share of domestic industry in domestic consumption and domestic demand has fallen significantly; though sale of the domestic industry increased in 2012-13 as compared to the preceding year 2011-12, it declined from 461,509 MT in 2012-13 to 350,185 MT in 2013-14 (annualized); profitability of the domestic industry has steeply deteriorated, leading to financial losses.
Accordingly, it has been found that prima facie increased imports of PUC have caused or threatening to cause serious injury to the domestic producers of PUC. Hence, it has been decided to initiate the investigation.
In the notification, India indicated that all interested parties should make their views known within a period of 30 days from the date of the notice (April-28) issued by the Director General (Safeguards) here.
Further, any other party to the investigation who wishes to be considered as an interested party may submit its request within 15 days. (KNN/ES)
“The Product under Consideration (PUC) is "Not Alloyed Ingots of Unwrought Aluminium" and is classified under Customs sub-heading nos. 76011010 of Chapter 76 of the Customs Tariff Act, 1975,” official data said.
A safeguard investigation seeks to determine whether increased imports of a product are causing, or is threatening to cause, serious injury to a domestic industry.
During a safeguard investigation, importers, exporters and other interested parties may present evidence and views and respond to the presentations of other parties.
A WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) only if the increased imports of the product are found to be causing, or threatening to cause, serious injury.
According to WTO, the investigation was initiated following the examination of the safeguard petition of the domestic industry (DI) alleging serious injury and threat thereof caused by increased import of the PUC into India.
Relevant factors having significant bearing on the present deteriorating domestic industry, are: the import of PUC has shown an increasing trend in absolute terms as well as the relative terms; Capacity utilization of the domestic industry has declined in the most recent period; Share of domestic industry in domestic consumption and domestic demand has fallen significantly; though sale of the domestic industry increased in 2012-13 as compared to the preceding year 2011-12, it declined from 461,509 MT in 2012-13 to 350,185 MT in 2013-14 (annualized); profitability of the domestic industry has steeply deteriorated, leading to financial losses.
Accordingly, it has been found that prima facie increased imports of PUC have caused or threatening to cause serious injury to the domestic producers of PUC. Hence, it has been decided to initiate the investigation.
In the notification, India indicated that all interested parties should make their views known within a period of 30 days from the date of the notice (April-28) issued by the Director General (Safeguards) here.
Further, any other party to the investigation who wishes to be considered as an interested party may submit its request within 15 days. (KNN/ES)
Loading...
