Anti-dumping duty on import of PTFE-stick coating for pans and other cookware- extended for 5 yrs

New Delhi, Aug 16 (KNN) Anti-dumping duty on import of chemical compound PTFE, used as a non-stick coating for pans and other cookware, has been extended by five more years in order to save the domestic industry.

The revenue department has issued a notification imposing USD 2,637 per tonne as anti-dumping duty on imports of polytetraflouroethylene (PTFE) from China.

The duty was initially imposed for a period of five years in August 2011 and extended by one year last August.

The department said that "there is continued dumping of the product concerned from China, both in absolute terms and in relation to production and consumption in India causing injury to the domestic industry.”

The notification said the review found that the performance of the domestic industry has deteriorated in terms of profits and return on investments and the dumped imports from China continue to cause injury to the domestic industry despite imposition of the anti-dumping duty.

Chinese producers have "significant capacity which establishes that in the event of cessation of duties, exports to India will intensify", it said while adding that the dumping of the product under consideration from China is likely to continue and intensify should the anti-dumping duty be revoked.

"The anti-dumping duty imposed shall be effective for a period of five years (unless revoked, superseded or amended earlier)," the notification added.