Director General (Safeguards)

 

NOTIFICATION

 

(F.No.22011/46/08 New Delhi, 2nd February, 2009)

 

Subject:-  Safeguard Duty investigation against imports of  Aluminum Flat Rolled Products and Aluminum Foil in to India under Rule 5 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 read with Section 8C of the Customs Tariff Act, 1975 – Preliminary findings

 

G S R  Having regard to the Customs Tariff Act, 1975 and the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 thereof;

 

1.   Procedure :  The Notice of Initiation of Safeguard investigation concerning imports of Aluminum Flat Rolled Products and Aluminum Foil into India from People’s Republic of China was issued under Rule 6 of Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 on 27th January, 2009 and was published in the Gazette of India Extraordinary on the same day. A copy of the Notice was also sent to all known interested parties as under:

 

             Domestic Producers (Aluminum FRP & Foils)

 

  1. M/s Hindalco Industries Limited,

      “Century Bhavan”, 3rd Floor,

      Dr. Annie Besant Road, Worli

      Mumbai

 

  1. M/s Nalco India Limited,

      NALCO Bhavan, P/1, Nayapalli,

      Bhubaneswar-751 013.

 

  1. M/s Bharat Aluminum Company Limited,

      Business Square, “C’ Wing, 2nd Floor,

      Andheri Kurla Road, Chakala,

      Andheri (E),

      Mumbai.

 

  1. M./s Ess Dee Aluminum,

      Ess Dee House,

      Akurli Road,

      Kandivali (East),

      Mumbai-400 101.

 

  1. M/s. P G Foils

      Pipalia Kalan,

      Rajasthan

 

  1. M/s. Raviraj Foils

       702, Safron,

       7th Floor, Pacchwati,

      Ahmedabad

      Gujarat-380 006.

 

  1. M/s. India Foils

      1, Sagore Dutta Ghat Road,

      Kamarhati,

      Kolkata, West Bengal-700 058,

 

  1. M/s. AMCO India Ltd.

       C-53-54 Sector-57

      Phase III, Noida,

      Uttar Pradesh-201301

 

9.   M/s Manaksia Ltd.,

            8/1, Lalbazar Street,

      Kolkata - 700 001       

 

10.    M/s. Paragon Industries Ltd.,

            Khasra No :168-171, Raipur Bhagwanpur,

      Roorkee-247667, Uttrakhand

 

11.    M/s Marudhar Industries

            611 GIDC Phase-IV

            Ahmedabad- 382445

 

12.    Jindal Aluminium  Foils :

            Plot No 443 / 442, GIDC Waghodia,

            Dist. Vadodara – 391760, Gujarat

 

Importers

 

(a)        Aluminum Foil

 

  1. Ess Dee Aluminium Ltd.

      Plot No. 124-133,

      Panchal Udyog Naga Bhimpore,

      Daman

 

  1. Jil Pack 8 Purnima ,

      2nd Flr.,Mahatma Gandhi Rd.,

      Mulund (West),

      Mumbai, M.S.

 

  1. Positive Packaging Industries Limited Divn.

      Positive Packaging Dta,

      Vill. Ransai,

      Survey No.51&53

 

  1. R.S.Foils Pvt Ltd.

      Shed No. 3 & 4, 181/A,

      Ranoli -Ipcl Road,

      Near Cargo Motors,

      Village – Vadoda

 

  1. Umiya Flexifoam  Pvt. Ltd.,

      40/A, Panchratna Inds. Estate, At Changodar,

      Tal. Sanand,

      Dist. Ahmedabad

 

  1. Nipra Industries Pvt. Ltd.

      34 & 44/126,  Amli Village,

      Opp. 66 Kva Station,

      Silvassa,

      Dadra & Nagar Havelli

 

  1. Ansa Printpack Pvt. Ltd.

      30, Keshavrao Khadye Marg,

      Byculla West,

      Mumbai,

      Maharashtra 400011

 

  1. Bhavani Seals Pvt. Ltd.

      R-308, Ttc, Midc Area, Rabale,

      Navi Mumbai,

      Maharashtra

 

  1. Tetra Pak India Pvt Limited

      Village Takave Budruk

      Tal: Maval,

      Dist Pune 412106

 

  1. Oriental Containers Limited

      Plot No. A1, Midc,

      Murbad,

      Dist. Thane.

 

  1. Parekh Aluminex Ltd.,

      601auto Commerce House,

      Kennedy Bridge,

      Nana Chowk,

      Mumbai,

      Maharashtra

 

  1. Nagreeka Foils Ltd.,

      258/3,Near Telephone Exchange,

      Union Terrritory Of Dadra & Nagar Haveli

 

  1. Amco India Ltd ,

      C-53-54, Sector 57,

      Phase Iii

      Noida 201 301

 

  1. Eurobond Industries Pvt. Ltd.

      Epip Kartholi Bari Brahmana

      Jammu

 

(b)       Aluminium Flat Rolled Products

 

1.      Manaksia  Ltd.( Formerly  Hindustan Seals Ltd.)                      

                    Bikaner Building, 8/1,

Lalbazar Street, 3rd Floor,

Kolkata 700 001.

 

2.      Tata Toyo Radiator Ltd.

Survey No. 235/245,

Village Hinjewadi, Tal. Mulshi Dist.

Pune ,Maharasht.

 

3.      Alcan Composites India Pvt. Ltd.

Unit 321, Building 3,

2nd Floor,Solitaire Corporate Park,

Mumbai 400 093.

 

4.      Alstrong Enterprises

Factory: Lane-2, Phase-Ii,Bari Brahmna,

J&K Sidco Industrial Estate

Jammu-181133

Office: 95, Khirki Village,

Malviya Nagar,

New Delhi-110017.

 

5.      V.L.  Estates Pvt.Ltd.       

                  204, Neelgiri Appartments,

                  Barakambha Road,

                  New Delhi - 110 001, (India).

 

6.      Bhaiya Fibres Ltd.

Aludecor Lamination (P) Ltd.,

209, Kapadia Chambers,

599, Jss Road,

Marine Lines (E),

Mumbai –400002.

 

7.      Lallubhai Amichand Limited

48/50, Kansara Chawl, Kalbadevi Road,

Bombay 400 002,

Maharashtra,  India.

 

8.      Sterlite Technologies Ltd.

Survey No.209, Phase 2,

Piparia Industrial Estate,

Silvassa - 394240,

Haveli, India.

 

9.      Durabuild Technologies Pvt. Ltd.

76/79, Makwana Lane,Takpada, Marol,

Off Andheri Kurla Road,

Andheri East,

Mumbai 400 059.

 

 

10.  Alupan Composite Panels Pvt. Ltd.

Flat No. 7-D, 7th Flr., Hansalaya Bldg.,15,

Barakhamba Rd.,

Connaught Place,

New Delhi, 110001.

 

11.  GEI Industrial Systems Ltd.

26/A, Industrial Area, 

Govindpura, Bhopal, M.P.

 

12.  Banco Products (India) Limited

Bil, Near Bhaili Railway Station,

Padra Road, District Baroda - 391 410,

Gujarat.

 

13.  Glazetech Alupanel Pvt. Ltd.

103, Riddhi Siddhi Complex,

 Ahinsa Circle, C-Scheme.

 Jaipur-30200.

 

Exporters

 

(a)        Aluminium Foil

  1. Dingsheng  Aluminium Industrial Co., Ltd.

Jingkou science&tech industrial area,

Jingkou Zone, Zhenjiang,

Jiangsu, China PR

 

  1. Xiamen  Xiashun Aluminium Foil Co., Ltd.

No. 388, Qingyang Yangguan Road,

Haicang, Xiamen,

Fujian,  China PR.             

 

  1. Jiangsu alcha aluminium co., ltd.

West Baimao of Guli country,

            Changshu city,

 Jiangsu province, China PR

 

  1. Hebei North China Aluminium Co. Ltd.

City ZhuoZhou, Hebei,

            China PR .Post Code: 072750

 

(b)       Aluminium Flat Rolled Products           

  1. Alcan Composites Ltd.

Shanghai 298 East Kangqiao Road

201319 Pudon G Shanghai,

China.

 

  1. Sapa Heat Transfer (Shanghai) Ltd

`           No.1111, Jiatang Road,  Shangha I,

     China PR.

 

  1. Shanghai Wangxun New Material Co., Ltd.

No.1299, Ping  An Rd,

(So Uth Of Yuanjiang Industrial Zone, 2

China PR.

 

  1. Hangzhou Huangshun Industrial Corp.

9/F, Qiushi Building,

6 Jiaogong Road

Hangzhou China.

 

  1. Wuxi Quantong Cable Material Co.Ltd

            Nanhu Zhonglu Binhu Town

Binhu District

Wuxi Jiangsu China.

 

  1. Zhenjiang Dingsheng Aluminium Industries Corpn.

      Jingkou Science And Tech.Industrl. Area,

 Zhenziang C China.

 

  1. Xiamen C And D Inc

17th Floor Seaside Bldg Xiamen ,

China.

 

  1. Shanghai Grace Trading Co.Ltd.

No.148, Hangtou Road, Hangtou Town,

Nanhui District, Shanghai,

China.

 

  1. Donge Blue Sky And Seven Color.

            Daqiao Tawn, Donge Country

                        Liaocheng ,Shandong

                        China,252218

 

  1. Changzhou Lidao Metallic Material.

South New Jichang Road, Xinzha Town,

Zhonglou, Changzhou, Jiangsu,

China 213000

           

  1. Wuxi Yingbang Nternational Trading Co.,Ltd.

          No.100 Erquan East Road,

                     Ding Ting China.

 

  1. Shandong Fuhai Industrial Co., Ltd.

No.18 Renhe Street,

Yantai, P.R.Of China.

 

  1. Hefei Foreign Investment And Trade Service Co Ltd

9f Hefei Building No.83

Huayuan China.

 

  1. Foshan Yinglu Trading Co.,Ltd..

Lanshi Guangdong,

China 528000

 

  1. North China Aluminium Co Ltd

Zhuozhou Hebei,  China.

 

  1. M/S.Dodo Aluminium (Suzhou) Co., Lt D.

Dayi Industrial Zone, Chang Shu City,

Iangsu Province, 215557, China.

 

  1. CNBM International Corporation.

5/F Longbo Building, 3 South Lishi
Beijing

Beijing China (Mainland)   100037

 

 

A Copy of the Notice was also sent to the government of People’s Republic of China through their embassy in New Delhi.

 

Questionnaires were also sent, to all known domestic producers, Exporters and importers and they were asked to submit their response within 30 days.

 

The non confidential part of the application and replies are kept in the Public Folder.

 

2.         View of the Domestic Industry

 

(A)       The application has been filed by M/s. Aluminium Association of India , 118, 1st Floor, Ramanashree Arcade, 18, M.G. Road, Bangalore-560 001. They have made following major points:-

(a)   Imports of the products under consideration have increased from People’s Republic of China over the years;

(b)   Imports from People’s Republic of China have increased in relation to Indian production in absolute terms as well as in relative terms;

(c)   Imports from People’s Republic of China have increased in relation to consumption in India;

(d)   While market share of China has increased, that of the domestic industry has declined;

(e)   Whereas the market share of the Indian Producers as a whole has declined, that of imports from China has increased.

(f)     Given significant price difference between the imports and the domestic products, there is strong likelihood of further importation;

(g)   Sales of the domestic industry have declined in absolute terms;

(h)   Growth in domestic demand is being captured by Chinese imports.

(i)     Domestic Industry is facing significant idling of production capacities in both the products under consideration as a result of increased imports. There is decline in production and consequently decline in capacity utilization in current year due to significant increase in the import from China in both the products. Further, whereas the market share of China increased, that of domestic industry declined in a situation where the domestic industry was having unutilized capacities. The domestic industry is now resorting to production cuts and the increased imports are leading to market disruption in both the products under consideration.

(j)      Increased imports are leading to under utilization of the installed capacity resulting into loss of employment.

(k)   There is significant rise in inventory.

 

3.   Findings of the Director General:

a)     The issue to impose immediate safeguard measures was examined. The Rule 9 of Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002  issued vide Notification No. 34/2002-NT-Customs dated 11.06.2002 prescribes that the Director General shall proceed expeditiously with the conduct of the investigation and in critical circumstances, he may record a preliminary finding regarding serious injury or threat of serious injury. The principles governing investigations have been provided in the Rule 6 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, which is independent to Rule 9. The Rule 15 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 provide for refund of differential Safeguard duty in case safeguard duty imposed after conclusions of the investigations is lower than the provisional duty already imposed and collected. The harmonious reading of Rules 6, 9 and 15 of the said Rules leads to a conclusion that the Rules provide for expeditious recommendation of provisional Safeguard duty based on preliminary findings and refund of the differential duty in case it is ascertained that the duty imposed after conclusion of investigation following natural justice as enshrined in the Rule 6 is lower than the provisional Safeguard Duty. However, in critical circumstances any delay in imposition of Provisional Safeguard duty may cause damage which would be difficult to repair. Accordingly, it was considered prudent to analyze circumstances to assess whether the same falls in the category of critical circumstances.

b)     The product under investigation: The preliminary determination is that the products produced by the domestic producers are like or directly competing with the products concerned. That is to say that possible slight differences in the production process, and some differences in terms of quality, they have the same basic physical characteristics and the same uses and are sold via similar or identical sales channels. Price information is readily available and the products concerned and the products of the domestic producers compete mainly on price. Accordingly, Aluminium Flat Rolled products and Aluminiim Foil are the products under investigation. The classification of these products under schedule 1 of the Customs Tariff Act, 1975 are as follows:

 

Name of the Products

Customs Tariff Heading

Aluminium Flat Rolled Products and Aluminium Foil

76061110, 76061190, 76061200, 76069110, 76069120, 76069190, 76069210, 76069290

Aluminium foil

76071110, 76071190, 76071910, 76071991, 76071992, 76071993, 76071994, 76071995, 76071999, 76072010, 76072090 

 

 

 

 

c)      Domestic Industry:  The application has been filed by M/s. Aluminium Association of India , 118, 1st Floor, Ramanashree Arcade, 18, M.G. Road, Bangalore-560 001. M/s Hindalco Industries Limited, “Century Bhavan”, 3rd Floor, Dr. Annie Besant Road, Worli Mumbai, M/s Nalco India Ltd, Nalco Bhavan, P/1, Nayapalli, Bhubaneshwar 751013 and Bharat Aluminium Company. Ltd. Business Square, “C” Wing, 2nd FloorAndheri Kurla Road, Chakala, Andheri (E).  Mumbai- 400039 are inter-alia the members of the association . The members of association account for production of 97% of Aluminium Flat Rolled Products (FRP) and 98% of Aluminium Foil production. The association is representative of a major proportion of total Community production of the like and/or directly competing products.  One of its member companies M/s. Hindalco Industries Limited has provided relevant financial information to file this application.  . M/s. Hindalco Industries Limited account for production of 71% of Aluminium Flat Rolled Products (FRP) and 56% of total domestic production of Aluminium Foil.

d)       Unforeseen Developments: : As a result of current economic meltdown, unexpected, unprecedented and uneven economic recession in various economies especially developed economies, the demand for the product  has declined in the major export markets. This has resulted in china shifting their exports of these products to India, which continues to enjoy a reasonable rate of growth. It is thus observed that aforesaid are unforeseen circumstances leadings to significant increases in imports from China.

e)     Increased Imports:

Aluminium FRP

There has been increasing trend in import of Aluminium FRP from People’s Republic of China in absolute term from the year 2005. Taking base year as 2005-06, the import has increased by 64% in 2006-07, by 170% in 2007-08, by 202% in April 08 to Dec- 08 as mentioned in the table (Table 1) below.

Table 1

 

 

Units

2005-06

2006-07

2007-08

April-Dec-08

Aluminium FRP

 

 

 

 

 

Ř      All countries

MT

26,046

36,968

48,274

33,925

Trend

 Indexed

100

142

185

174

Ř      China

MT

9,853

16,155

26,617

22,287

Trend

Indexed 

100

164

270

302

 

Similarly the share of imports of Aluminium FRP from China in total imports from all countries to India            has gone up from 37.83% in the year 2005-06 to 65.69 % during the period April 08- Dec 08 (Table 2)

Table 2

 

       Aluminium FRP

Units

2005-06

2006-07

2007-08

April-Dec-08

Share of

 

 

 

 

 

Ř      China

%

37.83

43.70

55.14

65.69

Ř      Other Countries

%

62.17

56.30

44.86

34.31

       

Further, the import has also increased in relative term i.e compared to the total domestic market. The share of imports from P.R China has increased from 5.68% in 2005-06 to 14.88% during April 08 to Dec. 08.(Table-3)

Table 3

 

Share in consumption of Aluminium FRP (%)

2005-06

2006-07

2007-08

April-08 to Dec-08

Imports from China

5.68

8.43

11.94

14.88

 

Aluminium Foil

 

  In the case of Aluminium Foil There has been increasing trend in import         Aluminium Foil from China in absolute term from the year 2005-06. Taking base       year as 2005-06, the import has increased by 98% in 2006-07, by 340% in 2007-08, by 575% in April 08- To Dec- 08 as mentioned in the table 4 below.

 

Table 4

Aluminium Foil

Units

2005-06

2006-07

2007-08

April-Dec-08

Ř      All countries

MT

20,263

24,082

39,390

34,422

Trend

 Indexed

100

119

194

227

Ř      China

MT

5,437

10,777

23,925

27,534

Trend

Indexed 

100

198

440

675

 

Similarly the share of imports of Aluminium Foil from China in total import from all countries to  India has gone up from 26.83 % in the year 2005-06 to 79.99 % during the period April 08-Dec 08 (Table 5).

 

Table 5

Aluminium Foil

Units

2005-06

2006-07

2007-08

April-Dec-08

Share of

 

 

 

 

 

Ř      China

%

26.83

44.75

60.74

79.99

Ř      Other Countries

%

73.17

55.25

39.26

20.01

 

  Further, the import has also increased in relative term i.e compared to the total domestic market . The share of  imports from P.R China has increased from 8.78% in 2005-06 to 42.42% during April 08 to Dec. 08.(Table-6)

Table 6

Share in consumption of Aluminium Foil (%)

2005-06

2006-07

2007-08

April-08 to Dec-08

Imports from China

8.78

16.11

28.70

42.42

 

Thus the import of Aluminium Products (Flat Rolled Product and Aluminium Foil) from China have increased in absolute terms as well as relative terms. Further, the comparison of cost of sale taking reasonable ROCE and the import prices, it is observed that the imports are at lower prices. Accordingly, I find that there is increase in imports in absolute as well as relative term and the increase in imports during recent period is significant.

 

f)        Market Disruption and Threat of market Disruption

a.      Sales:

Aluminium Flat Rolled Products (FRP)

The monthly sales volume by the domestic producer has declined significantly by 16% during April-December 2008 compared to 2007-08 against the rising trend during the period from 2005-06 to 2007-08.

 

Table 7

 

 

 2005-06

 2006-07

 2007-08

 April 08- Dec 08

Month wise sales of domestic industry for Aluminium FRP

Index

          100

           110

         115

              97

Aluminium Foil

The average monthly sales volume by the domestic producer has shown steady decline, as apparent from the table below:

 

Table 8

 

 

2005-06

2006-07

2007-08

April 08-Dec 08

Month wise sales of domestic industry for Aluminium Foil

Index

100

99

95

87

Market Share of Domestic Industries: 

 

Aluminium Flat Rolled Products

 

The market share of domestic producers of  Aluminium Flat Rolled Products as well as to the Indian industries of the same product has been on decline. The market share of total Indian industries during April to December 2008 has declined to 77.35% from 84.99% in the base year 2005-06 and 78.34% in immediately preceding year 2007-08 as apparent from the table below (Table 9 ). Similar trend is there for Hindalco, who has provided all financial data.

 

Table 9

Sl.No.

Market Share of Domestic Industries in sale of  Aluminium FRP (%)

2005-06

2006-07

2007-08

April-08 to Dec-08

1

Domestic industry (Hindalco)

49.31

49.17

44.20

41.67

2

Other Indian Producers

35.68

31.54

34.14

35.68

3

Indian Industry  (1+2)

84.99

80.71

78.34

77.35

 

Aluminium Foil

 

The market share of domestic producers of Aluminium Foil as well as to the Indian industries of the same product has been on decline. The market share of total Indian industries during April to December 2008 has declined to 46.97% from 67.26% in the base year 2005-06 and 52.75% in immediately preceding year 2007-08 as apparent from the table below (Table 10). Similar trend is there for Hindalco, who has provided all financial data.

 

Table 10

Sl.No.

Market Share of Domestic Industries in sale of  Aluminium Foil (%)

2005-06

2006-07

2007-08

April-08 to Dec-08

1

Domestic industry (Hindalco)

41.67

38.10

29.25

25.80

2

Other Indian Producers

25.59

25.89

23.51

21.17

3

Indian Industry (1+2)

67.26

64.00

52.75

46.97

 

b.      Production:

Aluminium Flat Rolled Products (FRP)

The average monthly production of Aluminium Flat Rolled Products (FRP) by the domestic producer has declined significantly during April 08-December 08 by 13% compared to 2007-08. The indexed figure of month wise average production of domestic industry is shown in the table 11:

 

Table 11

 

 

2005-06

2006-07

2007-08

April 08-Dec 08

Monthwise Average production  of domestic industry

Index

100

111

113

99

 

 

 

Aluminium Foil

The average monthly production of Aluminium Foil by the domestic producers has declined steadily from 2005-06 to April 08-December 08. However, the decline during April 08-December 08 has also been significant.

 

Table 12

 

 

 2005-06

 2006-07

 2007-08

 April 08-Dec 08

Monthwise Average production  of domestic industry

Index

                 100

                  99

                 96

                  89

 

c.      Capacity Utilization:

 Aluminium Flat Rolled Products

 

The capacity utilization of domestic industry in respect of Aluminium Flat Rolled Products has been more than 100% from 2005-06 to 2007-08, but the same declined to 90.35% during the period  April-Dec-08, as can be seen from the table below (Table 13)

 

Table 13

Aluminium FRP

Unit

2005-06

2006-07

2007-08

April-Dec-08

Capacity Utilization

%

107.24

101.42

103.62

90.35

 

Aluminium Foil

 

The capacity utilization of domestic industry in respect of Aluminium Foil has been on decline since 2005-06. It declined to 63.48% during April-December-08 from 71.42% in 2005-06 and 68.90% in the immediately preceding year 2007-08, as evident from the table below (Table 14)

 

Table 14

Aluminium Foil

 

Unit

2005-06

2006-07

2007-08

April-Dec-08

Capacity Utilization

%

71.42

70.90

68.90

63.48

 

d.      Productivity: There is no indication to suggest that the injury is on account of loss of productivity

e.      Employment:  The impact of the market disruption has started being felt on employment. The indexed data of movement of employees are tabulated below:

 

Table 15

 

Year/ Month

 Total number of people employed in Aluminium FRP (Index)

 Total number of people employed in Aluminium Foil (Index)

 2005-06

        100

100

 2006-07

        102

100

 Apr'07

        111

101

 May'07

        111

99

 Jun'07

        108

100

 Jul'07

        106

100

 Aug'07

        104

97

 Sep'07

        103

97

 Oct'07

        104

96

 Nov'07

        100

95

 Dec'07

        100

98

 Jan'08

        100

97

 Feb'08

        100

97

 Mar'08

          99

94

 Apr'08

        100

94

 May'08

        101

95

 Jun'08

        101

97

 Jul'08

        101

93

 Aug'08

        100

93

 Sep'08

          98

93

 Oct'08

          97

93

 Nov'08

          95

94

 Dec'08

          95

93

 

 

 

f.        Profitability:

Aluminium Flat Rolled Products

The domestic industry has been on profit since April-Oct 08. However, the industry has suffered loss in the month of October and December. The profit in the month of November has been marginal. As a whole, the increased import has affected the profitability on account of Aluminium Flat Rolled Products adversely.

 

                                                                 Table 16

 

Aluminium Flat Rolled Products

 

 

 

2005-06

2006-07

2007-08

April 08-Sep 08

Oct,08

Nov,08

Dec,08

 Profit/ loss

Index (Rs/kg)

100

107

48

99

(63)

5

(51)

Profit/ loss

Index (Rs/Lacs)

100

117

55

99

(49)

5

(50)

 

Aluminium Foils

The domestic loss Rs/Kg and loss Rs/Lacs has increased significantly during the month of October to December 08, as apparent from the table below:

 

Table 17

Aluminium Foils

 

 

 

2005-06

2006-07

2007-08

April 08-Sep 08

Oct,08

Nov,08

Dec,08

Profit/ loss

Index Rs/kg

(100)

(124)

(132)

(103)

(152)

(169)

(147)

Profit/ loss

Index Rs/Lacs

(100)

(123)

(125)

(94)

(116)

(142)

(108)

 

 

g.      Causal Link between Increased Imports and Threat of Market Disruption: A comprehensive evaluation of parameters as above for the period from 2005-06 up to the December 2008 demonstrates threat of market disruption, which is clearly imminent.  The market share of the domestic industry has substantially declined during April to December, as discussed above. During the same period there has been substantial increase in imports both in absolute as well as relative term. From the information available with the Directorate General, it is seen that the significant increase in imports and consequent threat of market disruption, which is clearly imminent, coincide with the unforeseen developments.  The declining capacity utilization during the period 2008-09 (upto December 2008) compared to the period 2007-08 coincide with the same period when import increased. Further, the reduction in employment shows similar trend as of increasing import. This clearly depicts a direct correlation between the increase in imports and threat of market disruption faced by the domestic industry.

h.       Other Issues: A provisional examination of the competing interests of different economic operators and public at large has been carried out. In this respect, it is important to keep the prime objective of safeguard laws in mind which is to provide sufficient time to the domestic industry to make positive adjustments to meet the situation of increased imports. The strategic and national importance of Aluminium industries has long been recognized. It is in the interest of all to keep a healthy and competitive Aluminium Industry. It is apparent that if the provisional safeguard measures are not taken, both the prices and market share of domestic industries will further reduce resulting in financial loss of domestic Industries to the extent of getting the domestic industry unviable and consequent loss of employment as well as loss of strategic and economic interest to keep the domestic market competitive. The imposition of safeguard duty would allow the domestic industry to remain competitive and, at the same time, users/buyers will have a wider choice to source their material requirements, that too at competitive prices.

j.    Critical Circumstances: The increasing share of domestic market taken by imports at injurious prices, unutilized production capacity and idling of capacities in the year 2008 are the critical circumstances for issue of preliminary findings as the damage caused by delay will be difficult to repair. The preliminary determination shows that critical circumstances exist in which delay would cause damage which it would be difficult to repair. As indicated above threat of market disruption is clearly imminent. The domestic producers are already suffering a decline, notably in loss of market share, reduced capacity utilization and loss of employment.

 

 4.        Conclusion and Recommendation: On the basis of the above preliminary findings it is seen that increased imports of Aluminium Flat Rolled Products and Aluminium Foils {Aluminum Products (FRP & Foils)} from People’s Republic of China have caused and threatened to cause market disruption to the domestic industry/ producers of Aluminum Products (FRP & Foils). There exist critical circumstances, where any delay in application for Specific Safeguard measures would cause damage which it would be difficult to repair, necessitating immediate application of provisional Specific Safeguard duty for period of 200 days, pending final determination of market disruption and threat of market disruption. Considering the average cost of production of Aluminum Products by the domestic producers (confidential), a reasonable return on capital employed, the present level of import duties and average import prices of Aluminum Product Specific Safeguard Duty at the rate of 21% (Twenty One Percent) ad valorem on all goods falling under Chapter heading 7606 (Aluminium Flat Rolled Products) and at the rate of 35% (Thirty Five Percent) ad valorem on all goods falling under Chapter heading 7607 (Aluminium Foil)  which is considered to be the minimum required to protect the interest of domestic industry is recommended to be imposed on imports of such goods from Peoples Republic of China.

 

5.               Further Process:

               I.      A public hearing will be held in due course before making a final determination, for which the date will be informed separately.

 

 

 

                                                                                                                                                           Sd/

 

(S. S. RANA)

Director General (Safeguards)