Financial Daily from THE HINDU group of publications
Thursday, Mar 04, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Anti-dumping


Dumping duty on Chinese plastic lenses proposed

G. Srinivasan

New Delhi , March 3

THE Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on imported plastic ophthalmic lenses from People's Republic of China and Chinese Taipei.

Plastic ophthalmic lenses are used in spectacles and these lenses are imported in finished, uncut form, ready to mount in spectacle frames.

In its final findings, notified recently, the authority said the subject goods originating in or exported from China and Chinese Taipei has been exported to India below its normal value and as a result the domestic industry has suffered material injury.

The injury has been inflicted to the indigenous industry both by volume and price effect of dumped imports of the subject goods from these countries, the Authority noted. However, the authority noted that since the volume of imports of subject goods from Chinese Taipei is below de minimus level of 3 per cent as confirmed by the petitioners themselves, it has excluded this country from the anti-dumping probe.

Accordingly, the authority recommended definitive anti-dumping duties on ad valorem basis which is 7.18 per cent on corrective plastic ophthalmic lenses excluding plano coloured lenses being imported from China.

The authority obtained a written petition from Techtran Polylenses Ltd, Hyderabad, a member of Indian Plastic Ophthalmic Lenses Association (IPOLA), Karnataka on behalf of the domestic industry, alleging dumping of the subject goods from China and Chinese Taipei.

While analysing the volume effect of dumping, the authority said that the Indian market for corrective plastic lenses is growing fast but the domestic industry is unable to participate in that growth. The corrective lens total demand has increased from 2000-01 to 2001-02 by 10,98,462 lenses.

Out of this China has garnered 5,74,568 pieces or 52 per cent of the market growth. The domestic industry is unable to benefit from the growth rate primarily due to price undercutting and dumping of Chinese lenses.

While Chinese imports grew at a rate of 48 per cent from 2000-01 to 2001-02 , the domestic industry grew at less than half of that rate - 23 per cent.

The petitioners further argued that the domestic industry sales have picked up from 1999-2000 to 2001-02 primarily due to the restart of the SRF shutdown unit by the new owner Indian Ophthalmic Lenses Manufacturing Company, Bangalore in 2000 and ramping up production in 2001.

They have been operating under heavy losses just to obtain some market share in the expanding domestic market.

Tetra Politeness, another member among petitioners, has experienced sale volume reduction during the period of probe as compared to the earlier year. Hence, the authority contended that there is a clear causal link between the dumped imports and the injury suffered by the domestic industry.

More Stories on : Anti-dumping | Healthcare Products

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Dumping duty on Chinese plastic lenses proposed


US to promote active, comprehensive trade agenda
Novartis' blood cancer drug turns a `bitter' pill
Aussies watch their health, doggedly keeping outbreaks at bay
Bangladesh studying total gas reserves to decide on exports
ONGC expects major gas find in KG basin
NPCIL to raise Rs 2,000 cr thru market borrowings
Meet on efficiency improvement in power sector
Steel prices to be rolled back
MFs, agents still don't see eye-to-eye on service tax
Kerala Govt urged to prop up small enterprises
Apitco's SME delegation to visit Korea
Contingency plan to tackle drinking water shortage in Kerala
CNBC TV 18 plans Hindi channel
C-DAC develops digital mobile radio technology solution
Genetic literacy project to be extended to AP
Orient Longman makes it lighter for school kids
NID to have new campus
Magazine on spirituality
Print expo a success
Weaving park investors' meet at Coimbatore
Meet on business opportunities for women
DMA workshop from today
In Hyderabad today
Seminar on women entrepreneurs
Orthodox tea exports may take a beating on poor, unstable supply
Iron ore export through Chennai Port — Ministry to stand by order on slot/quota system
Narcotics body urges India to enforce laws more strictly



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line