annexure cover page · 2020. 10. 9. · annexure 1.5 import statement 66-67 annexure 1.6 dgci&s...
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6th October 2020 Non-Confidential
Designated Authority, Directorate General of Trade Remedies, Department of Commerce, 4th Floor, Jeevan Tara Building, 5, Parliament Street, New Delhi- 110001. Kind attn.: Sh. M. Thakur, Addl. DGFT; Sh. R.C. Bhatt, Advisor (Cost); Sh. R.K. Soni, Deputy Director (FT); Ms. Devanshi Agarwal, Asst. Director (Cost) Subject: - Anti-dumping investigation concerning imports of Caprolactam originated in or exported from European Union, Korea RP, Russia and Thailand. Sir/Ma’am, In reference to the above subject matter we are herewith enclosing the scanned copy of the non-confidential version of the application. The information has been disclosed in accordance with the trade notice no. 10/2018 dated 7th September 2018. No hard copy is being filed in accordance with trade notice 01/2020 dated 10th April 2020. Should you require any further information, the applicant will provide the same. With warm regards, Yours Sincerely,
AK Gupta (For the applicant)
CO
NF
IDE
NT
IAL
ITY
RE
AS
SO
NIN
G
SN
In
form
atio
n
wh
ere
co
nfi
den
tial
ity
has
bee
n c
laim
ed
Th
e re
aso
n/ju
stif
icat
ion
fo
r cl
aim
ing
co
nfi
den
tia
lity
A
vail
able
in
p
ub
lic
Do
mai
n
Pa
ge
No
.
1.
Writ
e U
p
Info
rmat
ion
rela
ting
to im
port
s m
ade
by a
pplic
ant a
nd
the
calc
ulat
ions
the
reof
, con
stru
cte
d no
rmal
va
lue,
dum
ping
mar
gin,
dom
estic
sal
es,
dem
and,
pric
e un
derc
utt
ing,
sel
ling
pric
e,
cost
of
sale
s, m
arke
t sh
are
, in
ven
tory
, pr
ofit/
loss
, ca
sh p
rofit
, pr
ofit
befo
re in
tere
st a
nd t
ax
and
rat
e on
cap
ital e
mpl
oyed
, num
ber
of e
mpl
oyee
s an
d w
ages
, pur
chas
e po
licy
and
sal
es
polic
y of
the
dom
estic
indu
stry
are
con
fiden
tial
busi
ness
se
nsiti
ve in
form
atio
n. D
iscl
osur
e of
th
e ab
ove
info
rmat
ion
wou
ld c
ause
har
m t
o th
e in
tere
sts
of t
he d
omes
tic in
dust
ry.
The
in
form
atio
n h
as b
een
pro
vide
d in
tren
d.
No
11,
14,
17,1
8,19
2.
An
nex
ure
A
Pe
rfor
ma
IV
A
and
IVB
Info
rmat
ion
rela
ting
to d
omes
tic s
ales
of
the
appl
ican
t, to
tal d
eman
d, m
ark
et
shar
e, s
ale
s va
lue,
inve
nto
ry,
selli
ng p
rice,
co
st a
nd p
rofit
abili
ty in
dom
estic
and
exp
ort o
pera
tion
s a
nd,
dep
rect
iatio
n, i
nter
est
cost
, w
ages
, ca
sh p
rofit
s a
nd r
etur
n of
inv
estm
ent
are
conf
iden
tial
busi
ness
sen
sitiv
e in
form
atio
n. D
iscl
osur
e of
th
is w
ould
cau
se h
arm
to
the
inte
rest
s of
the
do
mes
tic in
dus
try.
Dis
clos
ure
of a
ctua
l pr
ice
und
ercu
ttin
g w
ill l
ead
to d
iscl
osur
e of
act
ual
sale
s pr
ice
an
d th
eref
ore
the
sam
e ca
nno
t be
disc
lose
d. H
owev
er, t
he r
elev
ant
info
rmat
ion
has
been
dis
clos
ed in
acc
orda
nce
with
tra
de n
otic
e 10
/201
8.
No
27-3
1
3.
An
nex
ure
B
Inju
ry S
tate
men
t In
form
atio
n re
latin
g t
o br
eaku
p of
sal
es q
uant
ity,
brea
kup
of s
ales
val
ue,
sale
s re
aliz
atio
n pe
r un
it, n
umbe
r of
em
ploy
ees,
inve
ntor
y, in
vent
ory
as n
umbe
r o
f da
ys o
f pr
oduc
tion
and
sale
, co
st o
f sa
les,
pro
fitab
ility
, in
tere
st c
ost,
dep
reci
atio
n, s
ala
ry a
nd w
age
s, c
apita
l em
ploy
ed a
nd r
etur
n on
in
vest
men
t i
s in
form
atio
n th
at i
s bu
sine
ss s
ensi
tive
and
the
disc
losu
re o
f th
e s
ame
will
har
m t
he i
nte
rest
of
dom
est
ic i
ndus
try.
How
ever
, th
e re
leva
nt
info
rmat
ion
has
bee
n d
iscl
osed
in a
ccor
danc
e w
ith tr
ade
notic
e 1
0/20
18.
No
32-3
3
3.
An
nex
ure
1.1
P
rod
uctio
n
Pro
cess
The
pr
oduc
tion
p
roce
ss
of
the
prod
uct
un
der
co
nsi
dera
tion
is
a bu
sine
ss
sens
itive
in
form
atio
n,
and
the
dis
clos
ure
of it
is d
etrim
enta
l to
the
busi
ness
gro
wth
of
the
appl
ica
nt.
A w
rite
up h
as
been
pro
vide
d.
No
36-3
8
4.
An
nex
ure
1.6
D
GC
I&S
T
ran
sact
ion
wis
e im
port
list
ing
App
lica
nt h
as p
rocu
red
the
impo
rt d
ata
from
DG
CI&
S a
nd h
as
filed
und
erta
king
with
the
m
that
the
dat
a th
e sa
me
will
not
be
disc
lose
d to
any
thi
rd p
arty
. T
he in
form
atio
n is
a t
hird
-pa
rty
info
rmat
ion
whi
ch th
e a
pplic
ant i
s no
t aut
horiz
ed to
dis
clos
e. H
owev
er, t
he
info
rmat
ion
has
been
su
pplie
d in
com
plia
nce
with
tra
de n
otic
e no
. 07
/201
8 d
ated
15th
Mar
ch 2
018
.
No
68
5.
An
nex
ure
2.1
A
uth
oriz
atio
n Le
tter
from
th
e A
ppl
ica
nt
Vol
ume
of
impo
rts
of
prod
uct
unde
r co
nsid
era
tion
mad
e b
y ap
plic
ant
is
conf
iden
tial
busi
ness
sen
sitiv
e in
form
atio
n an
d th
e di
sclo
sure
of t
he s
ame
is d
etr
imen
tal t
o th
e b
usin
ess
inte
rest
s of
the
ap
plic
ant.
No
76-7
8
5.
An
nex
ure
3.1
S
tate
men
t of
N
orm
al V
alue
The
cal
cula
tion
of n
orm
al v
alue
ha
s be
en m
ade
on
the
bas
is o
f th
e co
st o
f th
e do
mes
tic
indu
stry
; dis
clos
ure
of th
e s
ame
will
be
detr
imen
tal t
o th
e bu
sine
ss o
f the
app
lican
t as
it w
ill
lead
to
com
petit
ive
adv
anta
ge to
the
inte
rest
ed p
artie
s
No
82
6.
An
nex
ure
6.1
C
ostin
g F
orm
ats
(A
to L
)
The
cos
ting
for
mat
s of
the
dom
est
ic i
ndus
try
are
conf
iden
tial
in n
atur
e, a
s th
ey c
onta
in
busi
ness
sen
sitiv
e in
form
atio
n, d
iscl
osur
e of
whi
ch w
ould
cau
se s
erio
us
prej
udic
e to
the
in
tere
sts
of d
omes
tic in
dust
ry.
The
info
rmat
ion
is n
ot a
men
abl
e to
sum
mar
izat
ion.
No
98-1
13
7.
An
nex
ure
6.3
C
ost A
udit
Rep
ort
T
he c
ost
au
dit
repo
rts
are
con
fiden
tial
in n
atu
re,
as t
hey
cont
ain
busi
ness
sen
sitiv
e in
form
atio
n a
bout
the
co
st s
truc
ture
of
the
dom
est
ic i
ndus
try,
dis
clos
ure
of
whi
ch w
ould
ca
use
serio
us p
reju
dice
to
the
inte
rest
s of
the
app
lica
nt.
The
inf
orm
atio
n is
not
am
enab
le
to s
umm
ariz
atio
n.
No
119
-301
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 1
APPLICATION
FOR
IMPOSITION
OF
ANTI-DUMPING DUTY
ON IMPORTS
OF
CAPROLACTAM
FROM
EUROPEAN UNION, KOREA RP, RUSSIA AND THAILAND.
APPLICANT
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED
FILED THROUGH
TPM CONSULTANTS J-209 SAKET, NEW DELHI-17
PHONE – 49892200, FAX –26859341, EMAIL – akg@tpm.in
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 2
ANNEXURES
Annexure Description Page no.
Write up of the application 1-26
Annexure A Proforma IVA and IVB 27-31
Annexure B Injury Statement 32-33
Annexure C History of cases 34-35
Annexure 1.1 Production Process 36-38
Annexure 1.2 Relevant extracts of Custom Tariff Act 39-41
Annexure 1.3 Evidence of Basic Custom Duty Rate 42-48
Annexure 1.4 Evidence of Concessional Duty Rate 49-65
Annexure 1.5 Import Statement 66-67
Annexure 1.6 DGCI&S Import Listing 68
Annexure 1.7 Import Segregation Methodology 69-70
Annexure 1.8 List of known producers of subject goods in the subject countries
71-73
Annexure 1.9 List of known importers and users of the subject goods in India
74-75
Annexure 2.1 Authorization letter from the applicant 76-78
Annexure 2.2 Statement of Indian production 79-80
Annexure 3.1 Statement of Normal Value 81-82
Annexure 3.2 Statement of Net Export Price 83-84
Annexure 3.3 Statement of Dumping Margin 85-86
Annexure 3.4 Evidence of Normal value 87-95
Annexure 3.5 Exchange rate 96-97
Annexure 6.1 Costing Formats (A to L) 98-113
Annexure 6.2 Annual Report 114-118
Annexure 6.3 Cost Audit Report 119-301
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 3
Table of Contents INTRODUCTION .......................................................................................................... 4 SECTION I : - IMPORTED PRODUCT INFORMATION ............................................. 5 A. Product Description ........................................................................................ 5 B. Unit of Measurement ....................................................................................... 5 C. Functions and Uses ......................................................................................... 5 D. Manufacturing Process & Technology .......................................................... 5 E. Category ........................................................................................................... 6 F. Tariff Classification ......................................................................................... 6 G. Customs Duty .................................................................................................. 7 H. Import Policy .................................................................................................... 7 I. Period of Investigation .................................................................................... 7 SECTION II : - INDIAN INDUSTRY PROFILE ........................................................... 9 SECTION III : - EVIDENCE OF DUMPING ............................................................... 12 A. Normal Value .................................................................................................. 12 B. Export Price .................................................................................................... 13 C. Dumping Margin ............................................................................................ 14 SECTION IV : - EVIDENCE OF INJURY ................................................................... 14 A. Volume Effect ................................................................................................. 15 B. Price Effect ..................................................................................................... 16 C. Economic parameters relating to domestic industry ................................ 18 D. Conclusion on injury ..................................................................................... 21 SECTION V – CAUSAL LINK ................................................................................... 22 SECTION VI – COSTING INFORMATION ................................................................ 24
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 4
INTRODUCTION
1. The present application is being filed by Gujarat State Fertilizers & Chemicals
Limited, which is a public sector company, seeking initiation of anti-dumping investigation for imposition of anti-dumping duty on the imports of Caprolactam (hereinafter referred to as “subject goods” or “product under consideration) from European Union, Korea RP, Russia and Thailand (hereinafter referred to as “subject countries”). The applicant is the sole producer of the subject goods in India.
2. The application is in the form and manner prescribed by the Authority and
contains sufficient information to justify initiation of investigation for imposition of anti-dumping duty. Applicant requests the Hon’ble Designated Authority to kindly initiate the anti-dumping investigation onto the imports of subject goods from subject countries.
3. The applicant has provided all relevant information that is reasonably available to them. In case any further information is required, the applicant may be appropriately directed to furnish such additional information. The applicant extends its willingness to provide any further information which may be required in this connection and which is reasonably available or accessible to them. The applicant requests the Designated Authority to kindly: a. initiate investigations to determine whether there is dumping of subject
goods from subject countries that is causing consequent injury to the domestic industry.
b. advise the applicant for any further information that the Designated Authority considers relevant and necessary for the present purpose.
c. call relevant information from concerned parties, including information from the foreign producers, Indian consumers and other interested parties before arriving at a final decision.
d. provide an opportunity to the domestic industry to further supplement their submissions on the need for anti-dumping duties, after the applicant have received & reviewed the responses and information that is required to be provided by the other interested parties in general and foreign producers in particular.
e. provide an opportunity for oral hearing. f. recommend retrospective imposition of anti-dumping duty. g. recommend imposition of interim anti-dumping duty on the basis of
provisional estimates of dumping margins. h. determine the quantum of dumping and injury margin and recommend
anti-dumping duty for a period of five years.
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 5
SECTION I : - IMPORTED PRODUCT INFORMATION
I. Complete description of alleged dumped goods, including information on
its size, quality, category and uses of such goods along with any applicable technical specifications or standards (national or international) and the tariff classification numbers, customs classification, customs duty, import policy (including Advance Licensing provisions)
A. Product Description 4. The product under consideration is Caprolactam also known as 6-
Hexanelactam.
5. Caprolactam is a monomer and a base material for production of Nylon-6. Caprolactam is produced and sold in both liquid and solid forms. Liquid form of the material can be used only by those customers who are very close to the source of the material. Consumers of the subject goods in India mainly use solid form of the material. Solid form of the material is in white crystal or flakes form. Except for the difference in their physical form, there is no difference in the solid or liquid form.
6. The Designated Authority has earlier investigated the product and
recommended anti-dumping duty. There is no material difference in the product since the past investigation.
B. Unit of Measurement 7. The product is typically sold on the basis of weight (Kilograms or MT). The
general practice internationally is to quote the product in this unit. C. Functions and Uses
8. The product under consideration is majorly used in manufacture of Nylon-6.
However, the product also has a small usage in engineering resins and films.
D. Manufacturing Process & Technology 9. Benzene is de-sulphurised, hydrogenated to produce crude Cyclohexane which
is further purified by distillation. Cyclohexane is oxidized with air to produce mixture of Cyclohexanone and Cyclohexanol. From the mixture, Cyclohexanol is separated by distillation and is dehydrogenated to produce the Cyclohexanone. Cyclohexanone is separated from high boilers by distillation and pure Cyclohexanone is obtained.
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 6
10. Pure vapor ammonia is oxidized with Oxygen to produce NO/NOuN20 gases.
The NO gas is purified from mixture of gases & nitric acid obtained as by product is concentrated and sold. The pure NO gas is hydrogenated and dilutes sulphuric acid to produce Hydroxyl Ammonium sulphate solution.
11. Cyclohexanone is reacted with Hydoxylamine sulphate in presence of ammonia
to produce Cyclohexanone, Oxime and Ammonium sulphate. Cyclohexanone Oxime undergoes Beckman's rearrangement to form lactam Sulphate. Lactam Sulphate is neutralized with ammonia to produce crude lactam and ammonium sulphate. The ammonium sulphate is crystallized, dried and packed. The crude Caprolactam is purified in lactam Purification section by Extraction (using Benzene as Solvent), distillation, dewatering, separating foreruns and pure finished liquid Caprolactam is flaked and bagged. A flowchart of the production process is enclosed as Annexure 1.1.
E. Category 12. The product under consideration falls under the category of organic chemicals
under Chapter 29. F. Tariff Classification 13. The product under classification has a dedicated code under the Customs Tariff
Act 1075. The product is classified under Chapter 29 of the Customs Tariff Act, 1975 under subheading 2933 of the Tariff Classification. The relevant extracts have been enclosed as Annexure 1.2. Complete description of the product under consideration is as under:-
Chapter/ Subheading
Description
Chapter 29 Organic chemicals Subheading 2933
Heterocyclic Compounds with Nitrogen Hetero-Atom(S) Only Compounds containing an unfused pyrazole ring (whether or not hydrogenated) in the structure :
Subheading 2933 71 00
6-Hexanelactam (epsilon-caprolactam)
14. The customs classification is only indicative and is not binding on the scope of
the present application and proposed investigations.
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 7
G. Customs Duty 15. The basic customs duties applicable on the imports of the product under
consideration is 7.5%. The product under consideration however attracts concessional duty when imported from Korea RP and Thailand. Evidence of basic customs duty applicable on the imports of the product under consideration is enclosed as Annexure 1.3 and for concessional customs duty on imports from Korea RP and Thailand is enclosed as Annexure 1.4.
H. Import Policy 16. Imports of the product do not fall under negative list. Therefore, there are no
restrictions on imports. I. Period of Investigation 17. Applicant proposes 1st April 2019 to 31st March 2020 (12 months) as the
investigation period, which is the most recent period of domestic industry’s performance. The injury analysis may be done for the period 2016-17, 2017-18, 2018-19 and the proposed period of investigation.
II. Country (ies) of origin of the alleged dumped goods: 18. The present application is being filed in respect of imports from European
Union, Korea RP, Russia and Thailand. Exporters from the said countries are dumping the subject goods in India.
III. Since when such goods from the named country (ies) is (are) being imported in the Indian market and when did dumping start.
19. The subject goods are being imported in the Indian domestic market since a
very long time. However, the dumping of the product under consideration causing injury to the domestic industry has started in the proposed period of investigation.
IV. Whether such goods are shipped to India through third country. 20. The subject goods are primarily being shipped from the subject countries.
However, the possibility of transhipment cannot be ruled out. V. Volume and value and avg. CIF value of such dumped goods imported
into India from each country alleged to be dumping the goods for the past two years and the current year to date and the source of information thereof. And
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 8
VI. Volume, value and avg. cif value of such goods imported from other country, not alleged to dumping the goods, for the past two years and the current year to date and the source of information thereof.
21. The applicant has relied on DGCI&S transaction-wise import data for assessing
the volume and value of imports entering into India. A statement of imports over the injury period is enclosed as Annexure 1.5. Complete listing of DGCI&S import data is enclosed as Annexure 1.6. Import segregation methodology has been attached herewith as Annexure 1.7.
SN Countries 2016-17 2017-18 2018-19 POI
A Subject Countries 49,816 56,935 61,820 65,814
1 European Union 13,551 11,293 13,832 14,510
2 Korea RP 19,760 29,248 24,144 36,288
3 Russia 12,249 15,450 22,250 12,600
4 Thailand 4,256 944 1,594 2,416
B Other Countries 1,773 1,477 4,660 2,235
C Total 51,589 58,412 66,479 68,049
VII. Name(s) and address (es) of known exporters and manufacturers of the
alleged dumped goods in India.
22. A list of known manufacturers and exporters of the alleged dumped goods in the subject countries has been enclosed as Annexure 1.8.
VIII. Name(s) and address (es) of known importers of the alleged dumped goods in India.
23. A list of known importers of the alleged dumped goods in India has been enclosed as Annexure 1.9.
IX. Name(s) and address (es) of the users of the alleged dumped goods in
India. 24. A list of known users of the alleged dumped goods in India has been enclosed
as Annexure 1.9.
X. Name(s) and address (es) of associations of the users of the alleged dumped goods in India.
25. The applicant is not aware about any known user association of the subject
goods in India. However, the users may be members of apex associations, such as CII, FICCI and ASSOCHEM.
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 9
SECTION II : - INDIAN INDUSTRY PROFILE I. Name(s), address(es) of the Regd. Office, contact person, telephone
numbers, and fax numbers of Indian producers of the subject goods who are lodging the complaint.
26. The present application is being filed by Gujarat State Fertilizers & Chemicals
Limited. Applicant has provided necessary information for the purpose of present application and is willing to provide any further information that the Designated Authority may require during the course of the proposed investigation. Applicant has consented for verification, which the Designated Authority may wish to carry out at their premises. Details about the applicant is as follows:
Gujarat State Fertilizers & Chemicals Limited Address: – Fertilizer Nagar – 391750, Vadodara, Gujarat, India Contact Details Name: Mr. Amit S Shah Designation: Sr. Manager (Marketing – Industrial Product Department) Email id: mktpu@gsfcltd.com Contact details: +91-265-2242451, 2242651, 2242751
27. Letter from the applicant authorizing TPM Consultants for the purpose of
present investigation are enclosed as Annexure 2.1. II. Name(s), address (es), contact person, telephone numbers, and fax
numbers of Delhi office, if any, of Indian producers of the subject goods who are lodging the complaint.
28. The applicant has authorized TPM Consultants to represent them in the present
matter. It is requested that all correspondences in this matter may please be addressed to TPM Consultants at the address given above.
29. TPM Consultants has been authorized for the following: - a. to file application on their behalf b. to make submissions on their behalf c. to appear on their behalf d. to receive communication on their behalf.
30. Complete address of TPM Consultants is as under:
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 10
TPM Consultants, Ish Kriti, J-209, Saket, New Delhi - 110 017 Telephones: 011 – 4989 2200; Email – akg@tpm.in, pareesha@tpm.in
III. Name(s), address (es) of Indian producers other than complainant along
with their production (volume and value) of subject goods during the last two years and the current year.
31. There is one more producer of the subject goods in India, details of which are
given below. However, it has not produced the subject goods in commercial quantity across the injury period. Fertilizers And Chemicals Travancore Limited Address: - Ernakulam, Udyog Mandal, Eloor, Ernakulam, Kerala 683501. Email id: - pubrel@factltd.com
IV. Whether viable substitute exists for the product, if so, please provide complete information about the substitutes and their degree of substitution.
32. There is no technically and commercially viable substitute for the subject goods. V. Subject goods (including size, type, range, model(s) that applicant(s)
produces. Details of articles that applicant(s) is/are capable of producing. Details of goods the applicant(s) may purchase to complement the product line.
33. The applicant is a multi-product company and the details of all the products that
it is capable of producing can be seen on its website at the following link: - https://www.gsfclimited.com
VI. (a) Does any of the applicant(s) import and/or export the subject goods. If
yes, please provide details of country wise volume and value of imports and exports during the last two years and in the current year to date. (b) Are any of the Applicant related to the exporters or importers of the alleged article? If so, the nature of such relationship.
34. The applicant has imported small volume of product under consideration in the proposed period of investigation. The details of the imports made are provided below.
Caprolactam Non - Confidential
Gujarat State Fertilizers & Chemicals Limited 11
SN Particulars UOM Total Thailand Korea 1 Import volume MT *** *** *** Importer on record *** ***
Use of imported product
*** ***
2 Imports by applicant in relation to (%) A Production % *** *** ***
B Imports from subject countries
% *** *** ***
C Imports from all countries
% *** *** ***
35. The domestic industry’s focus is not on imports of the subject goods but on the
production and sale in domestic market.
VII. What are the differences in the applicant’s product and the alleged dumped product, if any? To the extent feasible, differences in the imported product and applicant’ product may be quantified.
36. There is no known difference in the subject goods produced by the Indian
industry and exported from the subject countries. Subject goods produced by the applicant and imported from the subject countries are comparable in terms of physical & chemical characteristics, manufacturing process & technology, functions & uses, product specifications, pricing, distribution & marketing and tariff classification of the goods. The two are technically and commercially substitutable. The consumers have used and are using the two interchangeably.
VIII. Please indicate any difference in the production process employed by the
applicant(s) and the exporters. It would be appropriate to quantify the impact of such differences, if any, on prices.
37. There is no significant difference in the technology employed by the domestic
industry and the producers in the subject countries. There is no significant difference in the production process of various producers. However, every manufacturer fine-tunes its production process on the basis of necessities and available facilities.
IX. Volume of Indian production with a separate breakdown of applicant(s)
and of other Indian producers not party to this complaint for the last past two financial years and current year to date.
38. A statement showing Indian production over the proposed injury period is
enclosed as Annexure 2.2. Since the applicant is the sole producer of the subject goods in India it constitutes domestic industry under Rule 2(b) of the
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Anti-Dumping Rules. Further, the present application satisfies the requirements of Rule 5(3) of the Anti-Dumping Rules.
SECTION III : - EVIDENCE OF DUMPING
A. Normal Value 39. Under Section 9A(1)(c), normal value in relation to an article means:
(i) the comparable price, in the ordinary course of trade, for the like article when meant for consumption in the exporting country or territory as determined in accordance with the rules made sub-section (6); or
(ii) when there are no sales of the like article in the ordinary course of trade in
the domestic market of the exporting country or territory, or when because of the particular market situation or low volume of the sales in the domestic market of the exporting country or territory, such sales do not permit a proper comparison, the normal value shall be either-
(a) comparable representative price of the like article when exported
from the exporting country or territory or an appropriate third country as determined in accordance with the rules made under sub-section (6); or
(b) the cost of production of the said article in the country of origin along with reasonable addition for administrative, selling and general costs, and for profits, as determined in accordance with the rules made under sub-section (6):
Provided that in the case of import of the article from a country other than the country of origin and where the article has been merely transshipped through the country of export or such article is not produced in the country of export or there is no comparable price in the country of export, the normal value shall be determined with reference to its price in the country of origin.
40. According to the above, the following can form the basis for determination of normal value in the exporting countries. a. The price of the like article in the domestic market of the exporting country
in the ordinary course of trade, b. Comparable representative price of the like article when exported from the
exporting country or territory or an appropriate third country,
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c. The cost of production of the said article in the country of origin along with reasonable addition for administrative, selling & general costs and for profits.
41. The applicant has made efforts to get information about the prices of the
product under consideration prevailing in the domestic market of European Union, Korea RP, Russia and Thailand. However, the price lists or commercial invoices for sales in the local market are commercially sensitive information and therefore not available in the public domain. Further, the applicant does not have access to any reports for prices available in the subject countries on which it could rely for determining the normal value. Therefore, the Applicant could not determine the normal value on the basis of price of the like article in the domestic market of the exporting countries.
42. The applicant also checked the custom data of the subject countries to find out the comparable representative export price from the subject countries. However, there is significant variation in the export prices from the subject countries to different countries and these do not appear in the ordinary course of trade being loss making sales. Therefore, the exports from the subject countries cannot be relied on for the purpose of normal value determination. Hence, the only option with the domestic industry at this stage of investigation is to construct the normal value on the basis of the estimates of the cost of production. For that purpose, the applicant has considered estimates of major raw material costs and other factors as per facts available. The normal value has therefore been determined by adopting the following approach and is provided in the Annexure 3.1. a. International prices of Benzene have been considered based on
information available in public domain and estimated conversion costs have been added to calculate the cost of Cyclohexane.
b. Cyclohexane prices so arrived have been considered along with estimated conversion cost to arrive at cost of production of Cyclohexanone.
c. The cost of production of Cyclohexanone so arrived, along with estimated Hydroxylamine Sulphate prices and international prices of Oleum have been considered with estimated conversion cost to arrive at the cost of production of Caprolactam. The profit has been added @5% to arrive at the normal value of the subject goods.
B. Export Price 43. The export price has been adjusted for the following expenses, which may have
been incurred by the exporter for exporting the material to India:
a. Ocean freight
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b. Marine insurance c. Commission d. Bank charges e. Port expenses f. Inland freight and Handling charges
44. The detailed calculations of export price are enclosed herewith as Annexure
3.2. C. Dumping Margin 45. Considering the normal value and export price as detailed above, it may be
seen that the exporters from subject countries are dumping the subject goods in huge volumes in the Indian market. The calculations of dumping margin are contained in Annexure 3.3. It would be seen that the dumping margins are not only above de minimis but also substantial.
SN
Particulars UOM EU Korea Russia Thailand
1 Normal Value $/MT-Range
1700-1900 1700-1900 1700-1900 1700-1900
2 Net Export Price $/MT 1,347 1,498 1,282 1,400
3 Dumping Margin $/MT *** *** *** ***
4 Dumping Margin %-Range 35-45% 20-30% 40-50% 30-40%
SECTION IV : - EVIDENCE OF INJURY
I. Cumulative assessment 46. The exporters from European Union, Korea RP, Russia and Thailand are
dumping subject goods in the Indian market. Annexure II (iii) of the Anti-Dumping Rules provides that in case imports of a product from more than one country are being simultaneously subjected to anti-dumping investigations, the Designated Authority will cumulatively assess the effect of such imports, in case it determines that: - a. the margin of dumping established in relation to the imports from each
country is more than two percent expressed as percentage of export price and the volume of the imports from each country is three percent of the imports of the like article or where the export of the individual countries is less than three percent, the imports cumulatively accounts for more than seven percent of the imports of like article, and;
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b. cumulative assessment of the effect of imports is appropriate in light of the conditions of competition between the imported article and the like domestic articles.
47. The following is relevant in this regard: -
a. The margin of dumping from each of the subject countries is more than the limits prescribed above.
b. The volume of imports from each of the subject countries is more than the limits prescribed.
c. Cumulative assessment of the effect of imports is appropriate in the light of the conditions of competition between the imported products and the like domestic product. This is for the following reasons i. the products supplied by the exporters from the subject countries
have, inter-se comparable chemical properties, are inter-se commercially & technically substitutable, and are being inter-se used for the same applications in India.
ii. the products supplied by the exporters from the subject countries and that manufactured by applicant domestic producer have comparable chemical properties, and are commercially and technically substitutable, being used for the same applications in India.
iii. the goods imported from the subject countries and that sold by the applicant domestic producer are being marketed to the same segment of the customers during the same period of time.
iv. the price of various suppliers from the subject countries have moved in tandem, which shows that the suppliers have been competing inter-se in the same market.
48. In view of the above, the applicant submits that cumulative assessment of the
effects of dumped imports from subject countries is appropriate. The Authority is, therefore, requested to assess the injury to the domestic industry cumulatively on account of dumped imports from the subject countries.
A. Volume Effect
a. Assessment of demand
49. The demand or apparent consumption of the product in India has been
calculated as the sum total of domestic sales of the domestic industry and imports into India from all sources. The demand so assessed is given below and it may be seen that the demand for the subject goods has consistently increased till the preceding year but declined in the proposed period of investigation.
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SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Domestic industry MT-Indexed 100 102 106 94
2 Subject countries imports MT 49,816 56,935 61,820 65,814
3 Other imports MT 1,773 1,477 4,660 2,235
4 Total demand MT-Indexed 100 107 116 111
b. Volume of imports in absolute terms and in relation to production and
consumption
50. Information in relation to imports in absolute terms and in relation to production and consumption is provided in the table below. It may be seen that the volume of imports has continuously increased over the injury period. As compared to the base year, the imports have increased by 32% in the proposed period of investigation. Moreover, inspite of the decline in demand in the proposed period of investigation by 4%, the imports from subject countries have increased by 6%.
51. Further, not only have the imports increased in absolute terms, but there has been an increase in imports in relation to production and consumption as well. Imports in relation to production and consumption have increased by around 20% and 8% respectively over the injury period.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Imports from subject countries
MT 49,816 56,935 61,820 65,814
A European Union MT 13,551 11,293 13,832 14,510
B Korea RP MT 19,760 29,248 24,144 36,288
C Russia MT 12,249 15,450 22,250 12,600
D Thailand MT 4,256 944 1,594 2,416
2 Subject imports in relation to
A Indian production % 58.30% 65.40% 69.16% 79.17%
B Indian demand %-Indexed 100 107 107 119
C Total imports % 96.56% 97.47% 92.99% 96.72%
B. Price Effect a. Price undercutting
52. The information about price undercutting is given below. While price
undercutting is negative, the same is due to the significant price depression faced by the domestic industry. Further, it may be noted that the landed price of imports in the proposed period of investigation is much below the cost of production which is forcing the domestic industry to sell at price below cost of
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production. Had the domestic industry sold at remunerative prices, the price undercutting would have been positive and significant.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Selling Price Rs/MT *** *** *** ***
2 Subject Countries as a whole
A Landed Price Rs/MT 1,00,140 1,31,819 1,54,940 1,13,907
B Price Undercutting Rs/MT *** *** *** ***
C Price Undercutting %-Range 5-15% (0-10)% (0-10)% (0-10)%
3 European Union
A Landed Price Rs/MT 95,130 1,37,848 1,56,955 1,14,150
B Price Undercutting Rs/MT *** *** *** ***
C Price Undercutting %-Range 10-20% (0-10)% (0-10)% (0-10)%
4 Korea RP
A Landed Price Rs/MT 1,04,571 1,29,334 1,52,053 1,15,293
B Price Undercutting Rs/MT *** *** *** ***
C Price Undercutting %-Range 0-10% 0-10% (0-10)% (0-10)%
5 Russia
A Landed Price Rs/MT 98,373 1,32,004 1,58,230 1,09,637
B Price Undercutting Rs/MT *** *** *** ***
C Price Undercutting %-Range 5-15% (0-10)% (0-10)% 0-10%
6 Thailand
A Landed Price Rs/MT 1,00,611 1,33,621 1,35,257 1,13,905
B Price Undercutting Rs/MT *** *** *** ***
C Price Undercutting %-Range 5-15% (0-10)% 5-15% (0-10)%
b. Price suppression/depression
53. The information is given below. It may be seen that:
a. In the year 2016-17, the landed prices of imports were considerably above the cost of sales of the domestic industry and hence the domestic industry was able to charge remunerative prices.
b. In the year 2017-18, the cost of sales increased by Rs *** pmt and the landed price increased by Rs 31,678 pmt. The significant increase in the landed price of the imports allowed the domestic industry to increase its selling prices by Rs *** pmt.
c. In the year 2018-19, the cost of sales increased by Rs *** pmt and the landed price further increased by Rs 23,121 pmt. The domestic industry was again able to increase its selling price to offset the increase in cost. The selling price of the domestic industry increased by Rs *** pmt. As a result, the profits of the domestic industry also increased.
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d. In the proposed period of investigation, whereas the cost of sales increased again by Rs *** pmt, the landed prices declined significantly by Rs *** pmt. The imports from the subject countries were entering below the cost of sales of the domestic industry. The domestic was forced to reduce its price by Rs *** which resulted in the domestic industry being unable to recover its cost.
e. It is thus evident that the domestic prices have moved in tandem with the import prices. Further, drastic fall in the landed price of the imports in the proposed period of investigation has forced the domestic industry to reduce its prices and therefore the prices of the domestic industry were depressed.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Cost of Sales ₹/MT *** *** *** ***
Trend Indexed 100 110 127 132
2 Selling Price ₹/MT *** *** *** ***
Trend Indexed 100 119 138 101
3 Landed Price ₹/MT 1,00,140 1,31,819 1,54,940 1,13,907
Trend Indexed 100 132 155 114
C. Economic parameters relating to domestic industry a. Production, capacity, capacity utilization and sales 54. The relevant information is provided in the table below. It may be seen that the
production and capacity utilization of the domestic industry has declined in the proposed period of investigation after increasing upto the preceding year.
55. Further, the domestic sales of the industry increased upto the preceding year but because of the significant fall in the landed price of imports coupled with the increase in the volume of subject imports, the domestic sales have declined in the proposed period of investigation by 12%. The fall in domestic sales of the industry is more than the fall in demand.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Capacity MT 70,000 70,000 70,000 70,000
2 Production MT 85,443 87,051 89,390 83,134
3 Capacity Utilisation % 122% 124% 128% 119%
4 Domestic Sales MT-Indexed 100 102 106 94
5 Demand MT-Indexed 100 107 116 111
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b. Market share 56. The market share of the domestic industry has continuously declined over the
injury period whereas that of the imports from subject countries has increased. While the decline in the market share of the domestic industry upto the preceding year could be attributed to the low capacity of the domestic industry, the decline in the proposed period of investigation is only due to imports as the domestic industry has seen a decline in the domestic sales whereas the imports have increased inspite of fall in demand.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Domestic industry %-Indexed 100 95 91 85
2 Subject countries %-Indexed 100 107 107 119
3 Other imports %-Indexed 100 78 226 113
4 Total demand % 100% 100% 100% 100%
c. Inventories
57. While the average inventories with the domestic industry declined upto the
preceding year, the same has increased in the proposed period of investigation as the domestic sales of the industry declined.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Opening inventory MT-Indexed 100 38 44 29
2 Closing inventory MT-Indexed 100 116 77 138
3 Average Inventory MT-Indexed 100 59 53 59
d. Profitability, return on investment and cash profits 58. Profits of the domestic industry increased till the year 2018-19 as the landed
price of imports increased. However, with the sharp decline in the landed price of imports in the proposed period of investigation, the domestic industry has been forced to sell at highly unremunerative prices and has suffered significant financial losses in the period of investigation. Therefore, not only has the domestic industry lost on market opportunities, but also on margins.
59. Similarly, the cash profits and the profit before interest increased till the preceding year. However, domestic industry has suffered with cash losses and negative return in the period of investigation.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Cost of Sales ₹/MT *** *** *** ***
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Trend Indexed 100 110 127 132
2 Selling Price ₹/MT *** *** *** ***
Trend Indexed 100 119 138 101
3 Profit / Loss ₹/MT *** *** *** ***
Trend Indexed 100 176 208 (90)
4 Profit / Loss ₹ Lacs *** *** *** ***
Trend Indexed 100 179 220 (85)
5 Cash Profit ₹ Lacs *** *** *** ***
Trend Indexed 100 179 220 (85)
6 PBIT ₹ Lacs *** *** *** ***
Trend Indexed 100 177 219 (82)
7 ROCE % *** *** *** ***
Trend Indexed 100 146 177 (73)
e. Employment, wages and productivity 60. Applicant submits that these parameters are dependent on a number of other
parameters and are not reflective of impact of dumping on the domestic industry. Hiring & firing of employees is the last resort situation for the domestic industry. Employment and wages are not solely dependent on the subject goods performance. These are governed by several legislative requirements in the country and various business compulsions with the domestic industry.
SN Particulars UOM 2016-17 2017-18 2018-19 POI
1 Noof Employees Nos-Indexed 100 102 101 107
2 Wages ₹ Lacs-Indexed
100 128 85 116
3 Productivity per day
MT/Day 244 249 255 238
4 Productivity per Employee
MT/Nos-Indexed
100 100 104 91
f. Growth 61. The domestic industry witnessed a positive growth till the preceding year.
However, the industry has recorded a negative growth in all the parameters in the proposed period of investigation due to the fall in landed price of imports.
SN Particulars UOM 2017-18 2018-19 POI
1 Production (in MT) Y/Y 1.9% 2.7% -7.0%
2 Sales (in MT) Y/Y 1.8% 3.8% -10.7%
3 Profit/(Loss) per unit Y/Y 75.8% 18.4% -143.3%
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4 Inventory (in MT) Y/Y -41.1% -10.7% 11.4%
5 Market Share % Y/Y -4.9% -4.4% -6.9%
6 Profit/(Loss) in Rs lakhs. Y/Y 77.3% 23.4% -137.7%
7 Cash Profit in Rs lakhs Y/Y 79.0% 22.8% -138.6%
8 Profit before interest Rs lakhs
Y/Y 77.3% 23.4% -137.7%
9 Return on investment Y/Y 45.9% 21.5% -141.3%
g. Ability to raise capital investment
62. The domestic industry is faced with negative return on capital employed. The
ability to raise capital investments is being significantly affected due to continued presence of dumped imports. Considering the losses suffered, it does not intend to raise any capital investment in the near future.
h. Magnitude of dumping 63. The calculations of the dumping margin have been enclosed. Table above
demonstrates. It will be seen that the dumping margin is not only more than de-minimis but also substantial.
D. Conclusion on injury
64. In light of above, the applicant submits as follows:
i. The volume of imports from the subject countries have increased across
the injury period in absolute terms and also in relation to production, consumption and gross imports.
ii. The landed price of imports from the subject countries have reduced drastically and have created a strain on the price of the domestic industry to such an extent that it is below its cost.
iii. While there is negative price undercutting, the landed price of imports is below the cost.
iv. The domestic industry has lost its sales which has forced it to reduce its production. The fall in the domestic sales is more than the fall in demand.
v. Market share of the domestic industry has declined in the period of investigation whereas that of the subject countries have increased.
vi. The average inventories with the domestic industry have increased in the proposed period of investigation.
vii. The domestic industry was earning significant profits upto the preceding year but due to fall in the landed price of imports it has been forced to sell at losses.
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viii. The domestic industry has suffered from cash losses and negative return on capital employed.
SECTION V – CAUSAL LINK
analysis I. Volume and value of imports from country (ies) other than the subject
country(ies) and an explanation on why imports from these country(ies) are not causing injury to domestic industry.
65. Imports from other countries are negligible in volume in the proposed period of
investigation and have not caused injury to the domestic industry.
II. Demand of the product for the past three years including the current year. In case the demand has undergone substantial change, an explanation on why changes in the demand have not caused injury to the domestic industry.
66. Demand of the subject goods have declined in the proposed period of investigation. However, it may be seen that the fall in domestic sales is much higher than the fall in demand. Moreover, inspite of the fall in demand, the imports from the subject countries have increased. Therefore, the contraction in the demand cannot be a cause of injury to the domestic industry.
III. Provide explanation on whether trade restrictive practices of an
competition between the foreign and domestic producers, developments in technology, the export performance or the productivity of the domestic industry or any other known factors have not caused injury to the domestic industry.
67. There are no other factors causing injury to the domestic industry apart from the
dumped imports from subject countries.
a. Export Performance 68. The domestic industry has made very minimal exports in the proposed period of
investigation and therefore performance in export market cannot be a cause of injury to the domestic industry. Even otherwise, the domestic industry has provided segregated data for the domestic and export operations. Therefore, export performance cannot be cause of claimed injury.
b. Technology 69. The technology as also the production process for product under consideration
has not undergone any significant development. Possible development in technology is not a cause of injury to the domestic industry.
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c. Conditions of competition and trade restrictive practices 70. There are no trade restrictive practices, which could have contributed to the
injury to the domestic industry. d. Changes in the patterns of consumption 71. The pattern of consumption with regard to product under consideration is not
changing and is not going to cause any injury to the domestic industry. e. Productivity 72. The productivity of the domestic industry has moved in line with the decline in
production. Injury to the domestic industry is not on account of this factor. f. Performance of other products of the company 73. The data provided by the domestic industry relates only to the performance of
the product under consideration. Therefore, performance of other products that are being produced and sold by the domestic industry is not a possible cause of injury.
74. The listed known factors have not caused injury to the domestic industry. Such being the case, the only inescapable conclusion is that the injury to the domestic industry has been caused by the dumped imports from subject countries.
IV. Factors establishing causal link 75. While the above parameters establish that injury to the domestic industry has
not been caused by the other factors, the factors highlighted below demonstrate that the injury to the domestic industry has been caused by the dumped imports.
i. The imports have increased in absolute terms, as well as in relation to
domestic production and consumption and have captured the market share of the domestic industry.
ii. The domestic industry has lost its sales and has been forced to curtail its production as the inventories have increased drastically.
iii. Imports have created a significant strain on the prices of the domestic industry and are depressing the prices of the domestic industry as the industry has been forced to sell at losses.
iv. The domestic industry has suffered cash losses and negative return on capital employed.
76. The above analysis clearly proves that the domestic industry is suffering
material injury due to dumped imports of the subject goods from the subject
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countries. There exists a strong causal link between the dumping and the injury being suffered by the domestic industry.
SECTION VI – COSTING INFORMATION I. Production process: stage wise process of manufacturing and various
routes of manufacture. Process flow chart indicating cycle time taken at each process.
77. The production process of the domestic industry is enclosed as Annexure 1.1. II. Raw materials and packing materials consumption and reconciliation
statement as per Format ‘A’. 78. The costing formats A to L are enclosed as Annexure 6.1. III. Raw materials consumption norms and comparison with actual as per
Format ‘B’. 79. The costing formats A to L are enclosed as Annexure 6.1. IV. A statement showing cost of production as per Format “CI and CII”. A
statement classifying expenses shown in Format “CI” into Fixed, Variable and Semi-variable. The semi-variable expenses may further be classified into Fixed and Variable. The basis of Classification may be clearly mentioned.
80. The costing formats A to L are enclosed as Annexure 6.1. V. Utilities consumption statement as per Format “D” for the investigation
period and previous three years. 81. The costing formats A to L are enclosed as Annexure 6.1.
VI. Calculations of working capital as follows: a) Working Capital as per Balance Sheet. b) Working Capital as per Bank Limits. c) Working Capital as per Production Cycle Time. 82. The details of working capital are contained in costing formats A to L are
enclosed as Annexure 6.2.
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VII. Interest on Term Loans: Statement of term loan outstanding at the beginning of the year, at the end of the year, interest paid/payable on term loans and average rate of interest on term loans.
83. The details of interest on term loans are contained in costing formats A to L
enclosed as Annexure 6.1. VIII. Overdue and/or compounding interest: Statement showing details of
overdue and/or compounding interest provided in the annual audited accounts relevant to the period of investigation.
84. The details of interest are contained in costing formats A to L enclosed as
Annexure 6.1. IX. Depreciation: Statement showing gross and net block for the investigation
period and previous year. 85. The details of depreciation for the year and fixed assets are contained in costing
formats A to L enclosed as Annexure 6.1. X. Return/profit: Statements showing desirable return on capital/equity along
with justification in support thereof. 86. The domestic industry expects 22% return (profit before interest) on capital
employed, calculated as gross fixed assets and working capital. XI. Details of misc. income earned during the year. 87. The details of miscellaneous income are contained in costing formats A to L
enclosed as Annexure 6.1. XII. Sales Realization: A statement showing details of gross sales realization,
discount/commission, excise duty, other taxes and net sales realization, as per Format “E” for the past three years and month wise for the investigation period. The figures should reconcile with balance sheet of the corresponding years.
88. The costing formats A to L are enclosed as Annexure 6.1. XIII. Details of WIP at the beginning and end of the investigation period, clearly
indicating break up of material cost and overheads charge in the valuation.
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89. The effect of WIP has been under the change in stock provided in Format C of the domestic industry.
XIV. Brief writeup on policies: (a) Purchase policy including long terms contracts for major materials. 90. [The purchase policy of the domestic industry is provided in the financials
enclosed herewith.] (b) Sale Policy indicating marketing/ distribution channels, commission/
discount policy, credit terms etc., sales policy to bulk consumers.
91. [The sales policy of the domestic industry is provided in the financials enclosed herewith.]
(c) Stores accounting and inventory/ stock/ WIP Valuation. 92. The stores accounting and inventory valuation policy of the domestic industry is
contained in the financial statements enclosed. (d) Quality control procedure and tests being conducted. 93. The sales policy of the domestic industry is contained in the financial
statements enclosed. XV. A Statement showing Production, Sales Quantities, Capacity Utilization,
Stocks Net Average Sales realization, Cost of Production, Profit/Loss for the past three years and month wise for the period of investigation.
94. The relevant details are contained in costing formats A to L enclosed as
Annexure 6.1. XVI. Details of job work done or got done during the investigation period. 95. The domestic industry have neither undertaken any job work not gotten any job
work done during the period of investigation. XVII. Audited and printed annual accounts for the investigation period and past
three years, and trial balance for the investigation period. 96. The financial statements of the domestic industry for the proposed period of
investigation and the past three years are enclosed as Annexure 6.2. Further, the Cost Audit reports of the domestic industry are enclosed as Annexure 6.3.
ANNEXURE A ________________
PROFORMA
IV (A) AND IV(B)
27
Product: Caprolactam Non-ConfidentialFormat IVA-I POI: 2019-20
Demand and Market Share
SN Particulars UOM 2016-17 2017-18 2018-19 POI 1 Imports Volumei Subject Countries MT 49,816 56,935 61,820 65,814 a EU MT 13,551 11,293 13,832 14,510 b Korea RP MT 19,760 29,248 24,144 36,288 c Russia MT 12,249 15,450 22,250 12,600 d Thailand MT 4,256 944 1,594 2,416 ii Other Countries MT 1,773 1,477 4,660 2,235 iii Total Imports MT 51,589 58,412 66,479 68,049 B Imports Valuei Subject Countries ₹ Lacs 47,670 72,398 91,333 72,508 a EU ₹ Lacs 11,958 14,446 20,055 15,300 b Korea RP ₹ Lacs 20,464 37,828 36,712 41,838 c Russia ₹ Lacs 11,178 18,925 32,523 12,761 d Thailand ₹ Lacs 4,070 1,200 2,044 2,608 ii Other Countries ₹ Lacs 1,641 2,215 6,962 2,746 iii Total Imports ₹ Lacs 49,310 74,614 98,295 75,254 C CIF Pricei Subject Countries ₹/MT 95,691 127,160 147,742 110,172 a EU ₹/MT 88,245 127,918 144,993 105,450 b Korea RP ₹/MT 103,561 129,334 152,053 115,293 c Russia ₹/MT 91,253 122,494 146,171 101,282 d Thailand ₹/MT 95,636 127,077 128,206 107,967 ii Other Countries ₹/MT 92,562 149,986 149,400 122,881 iii Total Imports ₹/MT 95,584 127,737 147,858 110,589 2 Share in importsi Subject Countries % 97% 97% 93% 97%a EU % 26% 19% 21% 21%b Korea RP % 38% 50% 36% 53%c Russia % 24% 26% 33% 19%d Thailand % 8% 2% 2% 4%ii Other Countries % 3% 3% 7% 3%iii Total Imports % 100% 100% 100% 100%3 Demanda Domestic Sales of Applicant MT-Indexed 100 102 106 94 b Sales of Other Indian Producer MT - - - - c Imports from Subject Countries MT 49,816 56,935 61,820 65,814 d Import from Other Countries MT 1,773 1,477 4,660 2,235 e Total Demand/ Consumption MT-Indexed 100 107 116 111 4 Market Share in Demanda Share of Applicant %-Indexed 100 95 91 85 b Share of Other Indian Producers %-Indexed - - - - c Share of Subject Countries %-Indexed 100 107 107 119 d Share of Other Countries %-Indexed 100 78 226 113 e Total share %-Indexed 100 100 100 100
5Subject Imports in relation to Indian Production %
58% 65% 69% 79%
6Subject Imports in relation to Indian Consumption
%-Indexed 100 107 107 119
28
Product: Caprolactam Non-ConfidentialStatement of Injury Parameters of Domestic Industry POI: 2019-20Format IVA-IISN Particulars Unit 2016-17 2017-18 2018-19 POI 1 Capacity Utilizationa Capacity MT 70,000 70,000 70,000 70,000 b Production MT 85,443 87,051 89,390 83,134 c Capacity Utilization % 122% 124% 128% 119%2 Sales volumea Domestic MT-Indexed 100 102 106 94 b Exports MT-Indexed 100 10 7 25 c Captive transfer MT-Indexed 100 121 136 134 d Stock transfer MT *** *** *** ***e Total Sales MT-Indexed 100 99 102 94 3 Sales Valuea Domestic ₹Lacs-Indexed 100 122 146 95 b Exports ₹Lacs-Indexed 100 17 11 30 c Total Sales ₹Lacs-Indexed 100 120 144 94 3 Sales Pricea Domestic ₹/MT-Indexed 100 119 138 101 b Exports ₹/MT-Indexed 100 161 171 121 4 Stock ( Volume)a Opening MT-Indexed 100 38 44 29 b Closing MT-Indexed 100 116 77 138 c Average MT-Indexed 100 59 53 59 5 Profit /( Loss)(i) Domestic Operations:-a Cost of sales ₹/MT-Indexed 100 110 127 132 b Cost of sales ₹Lacs-Indexed 100 112 134 125 b Selling price ₹/MT-Indexed 100 119 138 101 c Profit/( Loss) ₹/MT-Indexed 100 176 208 (90) d Profit/( Loss) ₹Lacs-Indexed 100 179 220 (85)
(ii) Export Operations:-a Cost of sales ₹/MT-Indexed 100 110 127 132 b Selling price ₹/MT-Indexed 100 161 171 121 c Profit/( Loss) ₹/MT-Indexed 100 1,564 1,337 (507) d Profit/( Loss) ₹Lacs-Indexed 100 164 89 (126) 6 Cash Profit a Profit/Loss ₹Lacs-Indexed 100 179 220 (85) b Depreciation ₹Lacs-Indexed 100 414 100 132 c Cash Profit ₹Lacs-Indexed 100 179 220 (85) d Cash Profit ₹/MT-Indexed 100 176 208 (90) 7 Profit before Interest & Taxa Interest ₹Lacs-Indexed 100 48 125 126 b Profit before Interest & Tax ₹Lacs-Indexed 100 177 219 (82) c Profit before Interest & Tax ₹/MT-Indexed 100 174 207 (87) 8 No of Employees Nos-Indexed 100 102 101 107 9 Salary & Wages ₹Lacs-Indexed 100 128 85 116
10 Productivitya Productivity Per Day MT/Day 244 249 255 238 b Productivity Per Employee MT-Indexed 100 100 104 91
11 Return on Investmenta Net Fixed Assets ₹Lacs-Indexed 100 154 154 148 b Working Capital ₹Lacs-Indexed 100 114 117 105 c Capital employed ₹Lacs-Indexed 100 122 123 113 d Return on Investment %-Indexed 100 146 177 (73)
29
Product: Caprolactam Non-ConfidentialHS Code:29337100 POI: 2019-20
Statement of Price Undercutting
Subject Country - European Union
SN Particulars UOM 2016-17 2017-18 2018-19 POI1 Import Volume MT 13,551 11,293 13,832 14,510 2 Import Value ₹ Lacs 11,958 14,446 20,055 15,300 3 CIF ₹/MT 88,245 127,918 144,993 105,450 4 Landing Charges ₹/MT 882 629 - - 5 Assessable Value ₹/MT 89,127 128,547 144,993 105,450 6 Custom Duty % 7.50% 7.50% 7.50% 7.50%7 Custom Duty ₹/MT 6,685 9,641 10,874 7,909 8 Cess % 3.00% 3.00% 10.00% 10.00%9 Cess/SWS ₹/MT 201 289 1,087 791 10 Landed Price ₹/MT 95,130 137,848 156,955 114,150 11 Selling Price ₹/MT *** *** *** *** 12 Price Undercutting ₹/MT *** *** *** *** 13 Price Undercutting %-Range 10-20% (0-10)% (0-10)% (0-10)%14 Price Undercutting ₹ Lacs *** *** *** ***
Subject Country- Korea RP
SN Particulars UOM 2016-17 2017-18 2018-19 POI1 Import Volume MT 19,760 29,248 24,144 36,288 2 Import Value ₹ Lacs 20,464 37,828 36,712 41,838 3 CIF ₹/MT 103,561 129,334 152,053 115,293 4 Landing Charges ₹/MT 1,036 649 - - 5 Assessable Value ₹/MT 104,597 129,983 152,053 115,293 6 Custom Duty % 0.94% 0.00% 0.00% 0.00%7 Custom Duty ₹/MT 981 - - - 8 Cess % 3.00% 3.00% 10.00% 10.00%9 Cess/SWS ₹/MT 29 - - - 10 Landed Price ₹/MT 104,571 129,334 152,053 115,293 11 Selling Price ₹/MT *** *** *** *** 12 Price Undercutting ₹/MT *** *** *** *** 13 Price Undercutting %-Range 0-10% 0-10% (0-10)% (0-10)%14 Price Undercutting ₹ Lacs *** *** *** ***
30
Product: Caprolactam Non-ConfidentialHS Code:29337100 POI: 2019-20
Statement of Price Undercutting
Subject Country- Russia
SN Particulars UOM 2016-17 2017-18 2018-19 POI1 Import Volume MT 12,249 15,450 22,250 12,600 2 Import Value ₹ Lacs 11,178 18,925 32,523 12,761 3 CIF ₹/MT 91,253 122,494 146,171 101,282 4 Landing Charges ₹/MT 913 617 - - 5 Assessable Value ₹/MT 92,165 123,111 146,171 101,282 6 Custom Duty % 7.50% 7.50% 7.50% 7.50%7 Custom Duty ₹/MT 6,912 9,233 10,963 7,596 8 Cess % 3.00% 3.00% 10.00% 10.00%9 Cess/SWS ₹/MT 207 277 1,096 760 10 Landed Price ₹/MT 98,373 132,004 158,230 109,637 11 Selling Price ₹/MT *** *** *** *** 12 Price Undercutting ₹/MT *** *** *** *** 13 Price Undercutting %-Range 5-15% (0-10)% (0-10)% 0-10%14 Price Undercutting ₹ Lacs *** *** *** ***
Subject Country- Thailand
SN Particulars UOM 2016-17 2017-18 2018-19 POI1 Import Volume MT 4,256 944 1,594 2,416 2 Import Value ₹ Lacs 4,070 1,200 2,044 2,608 3 CIF ₹/MT 95,636 127,077 128,206 107,967 4 Landing Charges ₹/MT 956 - - - 5 Assessable Value ₹/MT 96,592 127,077 128,206 107,967 6 Custom Duty % 5.00% 5.00% 5.00% 5.00%7 Custom Duty ₹/MT 4,830 6,354 6,410 5,398 8 Cess % 3.00% 3.00% 10.00% 10.00%9 Cess/SWS ₹/MT 145 191 641 540 10 Landed Price ₹/MT 100,611 133,621 135,257 113,905 11 Selling Price ₹/MT *** *** *** *** 12 Price Undercutting ₹/MT *** *** *** *** 13 Price Undercutting %-Range 5-15% (0-10)% 5-15% (0-10)%14 Price Undercutting ₹ Lacs *** *** *** ***
Subject countries as a whole
SN Particulars UOM 2016-17 2017-18 2018-19 POI1 Import Volume MT 49,816 56,935 61,820 65,814 2 Landed Price ₹/MT 100,140 131,819 154,940 113,907 3 Price Undercutting ₹/MT *** *** *** *** 4 Price Undercutting %-Range 5-15% (0-10)% (0-10)% (0-10)%5 Price Undercutting ₹ Lacs *** *** *** ***
31
ANNEXURE B ________________
INJURY STATEMENT
32
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format HProduct:Caprolactam Non-ConfidentialPerformance Parameters of Domestic Industry (PUC) POI: Apr'19-Mar'20
SN Particulars Unit 2016-17 2017-18 2018-19 POI1 Installed Capacity MT 70,000 70,000 70,000 70,000 2 Production Quantity PUC MT 85,443 87,051 89,390 83,134 3 Capacity Utilisation Percentage % 122% 124% 128% 119%
4Average Industry Norms for Capacity Utilisation, if any
%
5 Sales Quantity MT-Indexed 100 99 102 94 a Domestic Sales- SSI MT-Indexed - - - - b Domestic Sales - Other than SSI MT-Indexed 100 102 106 94 c Export Sales MT-Indexed 100 10 7 25 d Captive Sale MT-Indexed 100 121 136 134 e Stock Transfer MT *** *** *** *** 6 Sales Value Rs. Lacs-Indexed 100 120 144 94 a Domestic Sales- SSI Rs. Lacs-Indexed - - - - b Domestic Sales - Other than SSI Rs. Lacs-Indexed 100 122 146 95 c Export Sales Rs. Lacs-Indexed 100 17 11 30 7 Sales Realisation per Unit Rs./MT-Indexed 100 120 138 101 a Domestic Sales- SSI Rs./MT-Indexed - - - - b Domestic Sales - Other than SSI Rs./MT-Indexed 100 119 138 101 c Export Sales Rs./MT-Indexed 100 161 171 121 8 No. of Employees Nos-Indexed 100 102 101 107 9 Productivity Per Day MT/Day 244 249 255 238
10Average Industry Norms for Productivity per day, if any MT/Day
11 Inventorya Opening Stock MT-Indexed 100 38 44 29 b Closing Stock MT-Indexed 100 116 77 138 a Average Stock MT-Indexed 100 59 53 59
12 Inventory as No. of days of ProductionMT-Indexed 100 58 50 60
13 Inventory as No. of days of Sales MT-Indexed 100 59 51 62
14Average Industry Norms for Inventory, if any
MT
15 R & D Expenses Rs. Lacs16 Funds Raised Rs. Lacsa Equity Rs. Lacs
b Loans and Advances Rs. Lacsc Working Capital Rs. Lacsd Others, if any Rs. Lacs
17 Cost of Sales per unit Domestic Sales Rs./MT-Indexed 100 110 127 132
18 Cost of Sales per unit- Exports Rs./MT-Indexed 100 110 127 132 19 Selling Price Per unit - Domestic Sales Rs./MT-Indexed 100 119 138 101 20 PBT per unit -Domestic Sales Rs./MT-Indexed 100 176 208 (90)
21 Total Profit before tax - Domestic Sales Rs. Lacs-Indexed 100 179 220 (85)
22 Interest/ Finance Cost- Domestic Sales Rs. Lacs-Indexed 100 48 125 126
23Total Profit before interest - Domestic Sales
Rs. Lacs-Indexed 100 177 219 (82)
24 Depreciation and Amortisation Expense Rs. Lacs-Indexed 100 414 100 132
25 Other non cash expenses Rs. Lacs-Indexed - - - -
26 Cash Profits Rs. Lacs-Indexed 100 179 220 (85)
27 Total Salary & Wages Rs. Lacs-Indexed 100 128 85 116 28 Average Capital Employed Rs. Lacs-Indexed 100 122 123 113 29 PBIT as % of Avg Capital Employed %-Indexed 100 146 177 (73)30 Average Industry Norm for PBIT as % of
Avg. Capital Employed, if any%
* If the same plant can be used for production of NPUC also, the total production of NPUC need to be indicated.
Date: Seal and Signature of Cost AccountantPlace: Membership No.
As per Financials.Breakup not available for product level.
** Small Scale Industries (SSI) means a micro enterprise/small enterprise or a medium enterprise as defined in The Micro, Small and Medium Enterprises Developments Act, 2006
CERTIFICATEI/We have verified the above data with reference to the books of account, cost accounting records and / or other relevant records of the company and have found the same to be in accordance with the Accounting Standards/ Cost Accounting
Standards as applicable as on date. Based on the information and explanations given to me/us, and on the basis of Generally Accepted Cost Accounting Principles & Practices followed by the industry, I/ We certify that the above data
reflects true and fair view for production and sales of the PUC concerned as per the books of accounts maintained by the
33
ANNEXURE C ________________
HISTORY OF CASES
34
SN Particulars Date1 Subject countries Against Japan, European Union, Nigeria and Thailanda Type of investigation Anti Dumping Investigation Fresh
b ApplicantsGujarat State Fertilizers & Chemicals Ltd.,Fertilizers and Chemicals Travancore Limited
c Period of investigation 1st April, 2002 to 30th June, 2003 (15 months)d Injury Period 1999-00, 2000-01, 2001-02 and period of investigatione Initiation 22nd September, 2003f Preliminary Finding Not recommendedg MOF Notification Not applicableh Preliminary duty imposed Not applicablei Final Finding 16th September, 2004j MOF Notification Notification No.109/ 2004-Customs dated 17th November, 2004k Final Duty Imposed Given below
Country of origin Name of producer and duty
EU DSM (producer and Exporter) - no dutyEU Any other - 1394.05 USD/MTThailand Any other - 1421.09 USD/MTNigeria Any other - 1400.25 USD/MTJapan Any other - 1441.86 USD/MT
2 Subject countries Against Japan, European Union, Nigeria and Thailand
a Type of investigationInvestigation was suomoto initiated by the DGTR. Terminated on request of domestic industry
History of Cases
35
ANNEXURE1.1
PRODUCTION PROCESS
The Information is business sensitive, disclosure of which is detrimental to business growth of the petitioner.Further,the information cannot be summarized.
Page No.36 to 38
ANNEXURE 1.2 ________________
RELEVANT EXTRACTS OF
CUSTOM TARIFF ACT 1975
39
SECTION-VI 240 CHAPTER-29
CHAPTER 29
Organic chemicals
NOTES :
1. Except where the context otherwise requires, the headings of this Chapter apply only to :
(a) separate chemically defined organic compounds, whether or not containing impurities;
(b) mixtures of two or more isomers of the same organic compound (whether or not containingimpurities), except mixtures of acyclic hydrocarbon isomers (other than stereoisomers), whether or notsaturated (Chapter 27);
(c) the products of headings 2936 to 2939 or the sugar ethers, sugar acetals and sugar esters, andtheir salts, of heading 2940, or the products of heading 2941, whether or not chemically defined;
(d) the products mentioned in (a), (b) or (c) above dissolved in water;
(e) the products mentioned in (a), (b) or (c) above dissolved in other solvents provided that thesolution constitutes a normal and necessary method of putting up these products adopted solely forreasons of safety or for transport and that the solvent does not render the product particularly suitablefor specific use rather than for general use;
(f) the products mentioned in (a), (b), (c), (d) or (e) above with an added stabiliser (including ananti-caking agent) necessary for their preservation or transport;
(g) the products mentioned in (a), (b), (c), (d), (e) or (f) above with an added anti-dusting agentor a colouring or odoriferous substance added to facilitate their identification or for safety reasons,provided that the additions do not render the product particularly suitable for specific use rather than forgeneral use;
(h) the following products, diluted to standard strengths, for the production of azo dye: diazoniumsalts, couplers used for these salts and diazotisable amines and their salts.
2. This Chapter does not cover :
(a) goods of heading 1504 or crude glycerol of heading 1520;
(b) ethyl alcohol (heading 2207 or 2208);
(c) methane or propane (heading 2711);
(d) the compounds of carbon mentioned in Note 2 to Chapter 28;
(e) Immunological products of heading 3002;
(f) urea (heading 3102 or 3105);
(g) colouring matter of vegetable or animal origin (heading 3203), synthetic organic colouringmatter, synthetic organic products of a kind used as fluorescent brightening agents or as luminophores(heading 3204) or dyes or other colouring matter put up in forms or packings for retail sale (heading3212);
(h) enzymes (heading 3507);
(ij) metaldehyde, hexamethylenetetramine or similar substances, put up in forms (for example,tablets, sticks or similar forms) for use as fuels or liquid or liquefied-gas fuels in containers of a kindused for filling or refilling cigarette or similar lighters and of a capacity not exceeding 300 cm3 (heading3606);
40
SECTION-VI 273 CHAPTER-29
2933 69 -- Other :2933 69 10 --- Cyanuric acid and its salts kg. 10% -2933 69 20 --- 4-[4,6-bis(2,4-dimethylphenyl)-1,3,5- kg. 10% -
triazine-2-yl]-1,3-benzenediol2933 69 30 --- Tris(2-hydroxyethyl) isocyanurate kg. 10% -2933 69 40 --- Ethylhexyltriazone kg. 10% -2933 69 50 --- 2,4,6-tri(2,4-dyhydroxyl-3-methylphenyl)-1,3,5-triazine kg. 10% -2933 69 90 --- Other kg. 10% -
- Lactams :2933 71 00 -- 6-Hexanelactam (epsilon-caprolactam) kg. 12.5% 12.5%2933 72 00 -- Clobazam (INN) and methyprylon (INN) kg. 10% -2933 79 -- Other lactams :2933 79 10 --- N-methyl-2-pyrrolidone kg. 10% -2933 79 20 --- N-ethyl-2-pyrrolidone kg. 10% -2933 79 90 --- Other kg. 10% -
- Other :2933 91 00 -- Alprazolam (INN), camazepam (INN) kg. 10% -
chloridiazepoxide (INN),clonazepam (INN), clorazepate, delorazepam(INN), diazepam (INN), estazolam (INN), ethylloflazepate (INN), fludiazepam (INN),flunitrzepam (INN), flurazepam (INN), halazepam(INN), lorazepam (INN), lormetazepam (INN),mazindol (INN), medazepam (INN), midazolam(INN), nimetazepam (INN), nitrazepam (INN),nordazepam (INN), oxazepam (INN), pinazepam(INN), prazepam (INN), pyrovalerone (INN),tamazepam (INN), tetrazepam (INN) andtriazolam (INN); salts thereof
2933 92 00 -- Azinphos-methyl (ISO) kg. 10% -2933 99 -- Other:2933 99 10 --- Imidazo pyridine methyl amine kg. 10% -2933 99 90 --- Other kg. 10% -
________________________________________________________________________________________________2934 NUCLEIC ACIDS AND THEIR SALTS; WHETHER OR NOT
CHEMICALLY DEFINED; OTHER HETEROCYCLIC
COMPOUNDS
2934 10 00 - Compounds containing an unfused thiazole ring kg. 10% -(whether or not hydrogenated) in the structure
2934 20 00 - Compounds containing in the structure a kg. 10% -benzothiazole ring-system (whether or nothydrogenated) not further fused
2934 30 00 - Compounds containing in the structure a kg. 10% -phenothiazine ring-system (whether or nothydrogenated) not further fused
(1) (2) (3) (4) (5)
41
ANNEXURE 1.3 ________________
EVIDENCE OF BASIC CUSTOM DUTY RATE
42
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)
Notification
No. 50 /2017 –Customs
New Delhi, the 30th June, 2017
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs
Act, 1962 (52 of 1962) and sub-section (12) of section 3, of Customs Tariff Act, 1975 (51 of 1975),
and in supersession of the notification of the Government of India in the Ministry of Finance
(Department of Revenue), No. 12/2012 -Customs, dated the 17th March, 2017 published in the
Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 185 (E) dated
the 17th March, 2017, except as respects things done or omitted to be done before such supersession,
the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby
exempts the goods of the description specified in column (3) of the Table below or column (3) of the
said Table read with the relevant List appended hereto, as the case may be, and falling within the
Chapter, heading, sub-heading or tariff item of the First Schedule to the said Customs Tariff Act, as
are specified in the corresponding entry in column (2) of the said Table, when imported into India,-
(a) from so much of the duty of customs leviable thereon under the said First Schedule as is in
excess of the amount calculated at the standard rate specified in the corresponding entry in column
(4) of the said Table; and
(b) from so much of integrated tax leviable thereon under sub-section (7) of section 3 of said
Customs Tariff Act, read with section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of
2017) as is in excess of the amount calculated at the rate specified in the corresponding entry in
column (5) of the said Table,
subject to any of the conditions, specified in the Annexure to this notification, the condition number
of which is mentioned in the corresponding entry in column (6) of the said Table:
43
14
194. 2902 41 00 o-Xylene Nil - -
195. 2903 (except 2903 11 10, 2903 12 00, 2903 13 00, 2903 22 00) or 2904
All goods 5% - -
196. 2902 43 00 p-Xylene Nil - -
197. 2902 50 00 Styrene 2% - -
198. 2903 15 00 Ethylene dichloride (EDC) 2% - -
199. 2903 21 00 Vinyl chloride monomer (VCM) 2% - -
200. 2905 11 00 Methyl alcohol 5% - -
201. 2905 31 00 Mono ethylene glycol (MEG) 5% - -
202. 2907 2300 Bis-phenol A Nil - -
203. 2910 3000 Epichlorohydrin 2.5% - -
204. 2914 61 00,
2914 69 90
Anthraquinone or 2-Ethyl Anthraquinone, for
use in manufacture of Hydrogen Peroxide
2.5% - 9
205. 2916 12 10 Butyl acrylate 5% - -
206. 2917 36 00 Purified Terephthalic Acid (PTA), Medium
Quality Terephthalic Acid (MTA) and Qualified
Terephthalic Acid (QTA)
5% - -
207. 2917 37 00 Dimethyl terephthalate (DMT) 5% - -
208. 2926 10 00 Acrylonitrile 2.5% - -
209. 2929 10 90 Diphenylmethane 4, 4-diisocyanate (MDI) for
use in the manufacture of spandex yarn
Nil - 9
210. 293371 00 Caprolactam 7.5% - -
211. 2905 43 00,
2905 44 00,
3301,
3501,
3502,
3503,
3504,
3505,
3809 10 00,
All goods 20% - -
212. 30 Japanese Encephalitis (JE) vaccine, imported by
the Andhra Pradesh Government through
UNICEF
Nil - -
213. 30 or any
other
Chapter
Drugs and materials Nil - 20
214. Any Chapter Artificial Plasma 5% - -
215. Any Chapter The Blood group sera, namely: -
Anti C., anti E., anti c., anti e., anti M., anti N.,
anti Le., anti Pl., anti S., anti human globulin
sera, anti F., anti kell, anti cellane, anti Jka., and
anti I
Nil - -
216. Any Chapter Artificial kidney Nil - -
217. Any Chapter All types of contraceptives Nil - -
44
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification
No.12 /2012 –Customs
New Delhi, dated the 17th
March, 2012
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25
of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the
Government of India in the Ministry of Finance ( Department of Revenue), No. 21/2002-
Customs, dated the 1st March, 2002 Published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i), vide number G.S.R. 118(E) dated the 1st March, 2002,
except as respects things done or omitted to be done before such supersession, the
Central Government, being satisfied that it is necessary in the public interest so to do,
hereby exempts the goods of the description specified in column (3) of the Table below
or column (3) of the said Table read with the relevant List appended hereto, as the case
may be, and falling within the Chapter, heading, sub-heading or tariff item of the First
Schedule to the Customs Tariff Act, 1975 (51 of 1975) as are specified in the
corresponding entry in column (2) of the said Table, when imported into India,-
(a) from so much of the duty of customs leviable thereon under the said First
Schedule as is in excess of the amount calculated at the standard rate specified in the
corresponding entry in column (4) of the said Table;
(b) from so much of the additional duty leviable thereon under sub-section (1) of
section 3 of the said Customs Tariff Act 1975 (51 of 1975) as is in excess of the
additional duty rate specified in the corresponding entry in column (5) of the said Table,
subject to any of the conditions, specified in the Annexure to this notification, the
condition number of which is mentioned in the corresponding entry in column (6) of the
said Table:
45
(ix) Deactivated enzyme labelled human anti-HIV reagent
(x) Enzyme conjugates of antibodies or antigens or Protein A;
(xi) Natural or synthetic or recombinant
antigens relating to human and animal diseases;
(xii) Antibodies (monoclonal or polyclonal) relating to human and animal diseases;
(xiii) Stabilizers for the Enzyme
conjugate;
169. 29 or 38 Gibberellic acid 5% - -
170. 29 DL-2 Aminobutanol, Diethyl malonate, Triethyl orthoformate, Aceto butyrolactone, Thymidine, Artemisinin
5% - -
171. 29 Maltol, for use in the manufacture of deferiprone
Nil - 5
172. 29 or 38 Alkyl esters of long chain fatty acids
obtained from vegetable oils, commonly known as bio- diesels
10% - -
173. 2901, 2902,
2903 (except 2903 11 10, 2903 12 00, 2903 13 00,
2903 22 00), 2904
All goods 5% - -
174. 2902 43 00 p-Xylene Nil - -
175. 2902 50 00 Styrene 2.5% - -
176. 29026000 Ethyl benzene 5% - -
177. 2903 15 00 Ethylene dichloride (EDC) 2.5% - -
178. 2903 21 00 Vinyl chloride monomer (VCM) 2.5%
179. 2905 31 00 Mono ethylene glycol (MEG) 5% - -
180. 2907 2300 Bis-phenol A Nil - -
181. 2910 3000 Epichlorohydrin 2.5% - -
182. 2917 36 00 Pure terephthalic acid (PTA) 5% - -
183. 2917 37 00 Dimethyl terephthalate (DMT) 5% - -
184. 2926 10 00 Acrylonitrile 2.5% - -
185. 2929 10 90 Diphenylmethane 4, 4-diisocyanate
(MDI) for use in the manufacture of spandex yarn
5% - 5
186. 293371 00 Caprolactam 7.5% - -
46
47
48
ANNEXURE 1.4 ________________
EVIDENCE OF
CONCESSIONAL DUTY RATE
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (i)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 66/ 2016 - Customs
New Delhi, dated the 31st December, 2016
G.S.R. _______ (E). In exercise of the powers conferred by sub-section (1) of section 25 of
the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in
the public interest so to do, hereby makes the following further amendments in the notification of the
Government of India in the Ministry of Finance (Department of Revenue), No.152/2009-Customs,
dated the 31st December, 2009, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 943 (E), dated the 31st December, 2009, namely:- In the said notification, for the Table, the following Table shall be substituted, namely:-
S.
No. Chapter, Heading, Sub-
heading or Tariff Item Description of goods
Rate (in
percentage
unless
otherwise
specified) (1) (2) (3) (4) 1 0101 All Goods 5.00 2 01022110 to 01022120 All Goods 5.00 3 0102 31 00 All Goods 5.00 4 0102 90 10 All Goods 5.00 5 01022910 All Goods 5.00 6 0102 39 00 All Goods 5.00 7 0102 29 90 All Goods 5.00 8 0102 90 90 All Goods 5.00 9 0103 All Goods 5.00
10 0104 All Goods 5.00 11 010511 All Goods 18.00 12 010512 to 010515 All Goods 18.00 13 010599 All Goods 5.00 14 0106 All Goods 5.00 15 0201 to 0206 All Goods 5.00
64
214 291529 All Goods 7.50 215 291531 All Goods 0.00 216 291533 to 291560 All Goods 0.00 217 291570 All Goods 7.50 218 291611 All Goods 7.50 219 291612 All Goods 5.00
220 291615 All Goods 0.00 221 291620 All Goods 0.00 222 291631 All Goods 7.50 223 291632 All Goods 0.00 224 291634 All Goods 7.50 225 291635 All Goods 0.00 226 291711 to 291714 All Goods 0.00 227 291719 All Goods 7.50 228 291720 All Goods 0.00 229 291732 All Goods 7.50
230 291733 to 291735 All Goods 0.00 231 291736 All Goods 7.50 232 291737 All Goods 6.00 233 291739 to 291812 All Goods 0.00 234 291815 All Goods 0.00 235 291817 to 291819 All Goods 0.00 236 291821 to 291830 All Goods 7.50 237 291891 to 291899 All Goods 0.00 238 2919 All Goods 0.00 239 292011 to 292019 All Goods 0.00 240 29202100 to 29209099 All Goods 7.50
241 292111 All Goods 5.00
242 292112 to 292244 (except
292241) All Goods 0.00
243 292241 All Goods 0.00 244 292249 All Goods 0.00 245 292250 to 292529 All Goods 0.00 246 292610 All Goods 0.00 247 292620 to 293040 All Goods 0.00 248 2931 All Goods 7.50 249 293211 to 293369 All Goods 0.00 250 293371 All Goods 0.00 251 293372 to 294150 All Goods 0.00 252 294190 All Goods 0.00 253 294200 All Goods 0.00
65
ANNEXURE 1.5 ________________
SUMMARIZED IMPORT
STATEMENT
66
Product: CaprolactamHS Code:29337100Source: DGCI&S TbyT
Statement of Imports
2016-17 2017-18 2018-19 POI 2016-17 2017-18 2018-19 POI 2016-17 2017-18 2018-19 POI 2016-17 2017-18 2018-19 POI1 Korea Rp 19,760 29,248 24,144 36,288 20,464 37,828 36,712 41,838 103,561 129,334 152,053 115,293 38% 50% 36% 53%2 Russia 12,249 15,450 22,250 12,600 11,178 18,925 32,523 12,761 91,253 122,494 146,171 101,282 24% 26% 33% 19%3 Belgium 1,632 1,330 3,123 8,010 1,574 1,977 4,398 8,492 96,435 148,642 140,841 106,027 3% 2% 5% 12%4 Poland 9,500 8,250 6,850 6,250 8,304 10,095 9,825 6,565 87,416 122,361 143,434 105,047 18% 14% 10% 9%5 Thailand 4,256 944 1,594 2,416 4,070 1,200 2,044 2,608 95,636 127,077 128,206 107,967 8% 2% 2% 4%6 U Arab Emts - - - 768 - - - 1,003 - - - 130,597 0% 0% 0% 1%7 U S A - - - 744 - - - 885 - - - 118,946 0% 0% 0% 1%8 Japan 448 1,216 - 464 445 1,850 - 536 99,221 152,145 - 115,540 1% 2% 0% 1%9 Belarus 1,325 261 52 259 1,196 365 63 322 90,309 139,926 121,125 124,453 3% 0% 0% 0%10 Netherland 2,160 1,713 3,600 250 1,889 2,374 5,423 243 87,446 138,590 150,629 97,058 4% 3% 5% 0%11 Lithuania 259 - 259 - 191 - 408 - 73,690 - 157,979 - 1% 0% 0% 0%12 Taiwan - - 4,608 - - - 6,899 - - - 149,718 - 0% 0% 7% 0%13 Grand Total 51,589 58,412 66,479 68,049 49,310 74,614 98,295 75,254 95,584 127,737 147,858 110,589 100% 100% 100% 100%
Import Summary
2016-17 2017-18 2018-19 POI 2016-17 2017-18 2018-19 POI 2016-17 2017-18 2018-19 POI 2016-17 2017-18 2018-19 POIA Subject Countries 49,816 56,935 61,820 65,814 47,670 72,398 91,333 72,508 95,691 127,160 147,742 110,172 97% 97% 93% 97%1 EU 13,551 11,293 13,832 14,510 11,958 14,446 20,055 15,300 88,245 127,918 144,993 105,450 26% 19% 21% 21%2 Korea RP 19,760 29,248 24,144 36,288 20,464 37,828 36,712 41,838 103,561 129,334 152,053 115,293 38% 50% 36% 53%3 Russia 12,249 15,450 22,250 12,600 11,178 18,925 32,523 12,761 91,253 122,494 146,171 101,282 24% 26% 33% 19%4 Thailand 4,256 944 1,594 2,416 4,070 1,200 2,044 2,608 95,636 127,077 128,206 107,967 8% 2% 2% 4%B Other Countries 1,773 1,477 4,660 2,235 1,641 2,215 6,962 2,746 92,562 149,986 149,400 122,881 3% 3% 7% 3%C Total 51,589 58,412 66,479 68,049 49,310 74,614 98,295 75,254 95,584 127,737 147,858 110,589 100% 100% 100% 100%
Share (%)
SN CountriesVolume in MT Value in Rs. Lacs Rs/MT Share (%)
SN CountriesVolume in MT Value in Rs. Lacs Rs/MT
67
ANNEXURE 1.6
DGCI&S TRANSACTION WISE IMPORT LISTING
The applicant has procured the import data from DGCI&S and have give them an
undertaking that the data will not be disclosed to any other third party. Therefore ,the information is confidential and cannot be shared with other parties.However,the
information has been published in compliance with trade notice no.07/2018 dated 15th March 2018
68
ANNEXURE 1.7 ________________
IMPORT SEGREGATION
METHODOLOGY
69
Methodology for Segregation of Imports
1. In raw import listing, following columns are added- a. PUC/NPUC b. Price c. Financial Year d. Months
2. The transactions having the item description as Caprolactam, Caprolactam Flakes etc have been marked as “PUC”.
3. The transactions having the item description other than Caprolactam etc have been marked as “NPUC”.
4. The transactions having the measurement other than KGS or MTS have been identified as “NPUC”.
5. The transactions showing the port description as “Mumbai Air/Delhi Air/Bangalore Air/Hyderabad Air” have been marked as “NPUC”
6. The transactions having abnormal quantities or prices have been marked as “NPUC”
70
ANNEXURE 1.8
LIST OF KNOWN PRODUCERS OF
SUBJECT GOODS IN THE SUBJECT COUNTRIES
71
List of known producers and exporters of the subject goods in the subject countries
SN Name and address SN Name and address 1 Grodno Khimvolokno
Address: - Ul. Slavinskogo 4, Grodno By-230026, Republic of Belarus Email id - office@grodno-khim.by
2 DSM Fibre Intermediates Address: - PO Box 43, 6130 AA Sittard Netherlands E-mail: sim.linde@dsm.com
3 Domo Caproleuna Address - Am Haupttor, Bau 3101 06237 Leuna, Germany Email id -
4 Fibrant Pure Chemistry Address - Mauritslaan 49, 6129 EL Urmond, Netherlands Email id – ask.us@fibrant52.com
5 BASF Antwerpen N.V. Address - Haven 725 - Scheldelaan 600, 2040 Antwerpen, Belgium Email id - global.info@basf.com
6 Zaklady Azotowe "Pulawy" S.A Address - Al. Millennium of the Polish State 13, 24-110 Puławy, Poland Email id - biuro@pulawy.com
7 Spolana Address - Práce street 657 Neratovice 277 11, Czech Republic Email id - info@spolana.cz
8 ZA w Tarnowie-Mościcach S.A. Address - Kwiatkowskiego 18, 33-100 Tarnów, Poland Email id - solzat@azoty.tarnow.pl
9 Azot Cherkassy Address - 72 Pershotravneva Street Cherkasy 18014, Ukraine Email id - info@ostchem-azot.com
10 Azot Kemerovo Address - Ulitsa Gruzovaya, 1, Kemerovo, Kemerovo Oblast, Russia, Email id - info@sbu-azot.ru
72
11 Azot Shchekino Address - 7, Simferopolskaya Street, Pervomayskiy, Shchekino District, Tula Region, Russia, 301212 Email id - azot@azot.net
12 BASF Belgium SA Address - Carl-Bosch-Str. 38, 67056 Ludwigshafen, Germany Email id - presse.kontakt@basf.com
13 Capro Corporation Address: - Seoul Headquarters: 14F Neewei Building, 51, Euljiro, Jung-gu, Seoul, Republic of Korea. Email id -
14 KuibyshevAzot, Russia Address - PJSC "KuibyshevAzot" 445007, Russia, Samara Region, Togliatti, st. Novozavodskaya, 6 Email id - office@kuazot.ru
15 Thai Caprolactam Public Company Limited Address - 159/41-44 Sermmit Tower, 27th-30th Floor, Sukhumvit 21(Asoke) Road, North Klongtoey, Wattana, Bangkok 10110 Thailand Email id - sales@ttcl.com
16 UBE Chemicals (Asia) Public Company Limited (UCHA) Address - Floor 18 Sathorn Square Office Tower,98 North Sathorn Rd. Silom, Bangrak,Bangkok. 10500, Thailand Email id -
73
ANNEXURE 1.9 ________________
LIST OF KNOWN
IMPORTERS AND USERS OF THE SUBJECT GOODS
IN INDIA
74
List of known importers and users of the subject goods in India
SN Name and address SN Name and address 1 Century Enka Limited
Address - Plot no. 72 & 72-A, MIDC Bhosari, Pune - 411 026, Maharashtra Email id- cel.investor@birlacentury.com
2 Gujarat Polyfilms Private Limited Address - Block No.492,N.H.8,Palsana, Surat 394 315, Gujarat Email id - gujaratpoly@drdcs.net
3 Modipon Limited Address - Hapur Road, Modinagar, Ghaziabad Uttar Pradesh– 201204 Email id - modipon@modimangal.in
4 SRF Limited Address - Block - C, Sector - 45, Gurugram, Haryana, 122 003 Email id - cs@srf.com
5 Madura Industrial Textiles Limited Address -1, Janki Centre, Off Veera Desai Road, Andheri (W), Mumbai - 400 053, Maharashtra Email id - info@maduratex.com
6 NRC Limited Address - 67, Gr. Floor, Surajmal Building, 75, Nakhoda Street, Pydhonie, Mumbai 400 003. Email – corporate@nrclimited.com
7 Nirlon Limited Address - Pahadi Village, Off Western Express Highway, Goregaon (East), Mumbai 400 063. Email id - info@nirlonltd.com
8 JCT Limited Address - 1001,Vikram Tower 16, Rajendra Place, New Delhi – 110008 Email id – jctsecretarial@jctltd.com
9 Star Filaments Corporation Address - No. 18, C.P. Ramasamy Street, Abiramapuram, Chennai - 600 018, India Email id -
10 Merck Life Science Private Limited Address - Godrej One, 8th floor, Pirojshanagar Eastern Express Highway Vikroli Mumbai, Maharashtra 400079. Email id -
75
ANNEXURE 2.1 ________________
AUTHORIZATION LETTER
FROM THE APPLICANT
76
77
78
ANNEXURE 2.2 ________________
STATEMENT OF INDIAN
PRODUCTION
79
Product: Caprolactam Non-ConfidentialStatement of Indian Production POI: 2019-20
SN Particulars 2016-17 2017-18 2018-19 POI A Applicanti Gujarat State Fertilizers & Chemicals Ltd 85,443 87,051 89,390 83,134 B Sub total 85,443 87,051 89,390 83,134 i Other Producer - - - - C Total Indian Production 85,443 87,051 89,390 83,134
A Applicanti Gujarat State Fertilizers & Chemicals Ltd 100% 100% 100% 100%B Sub total 100% 100% 100% 100%i Other Producers 0% 0% 0% 0%C Total Share 100% 100% 100% 100%
Production in MT
Share (%)
80
ANNEXURE 3.1 ________________
STATEMENT OF NORMAL
VALUE
81
Product: Caprolactam Non-ConfidentialConstructed Normal Value
SN Particulars UOM Price Norms Amount1 Benzene Prices ₹/MT *** *** ***2 Other Conversion cost ₹/MT ***3 Cost of Production of Cyclohexane ₹/MT ***
4 Cycloxhexane Prices ₹/MT *** *** ***5 Other Conversion cost ₹/MT ***6 Cost of Production of Cyclohexanon ₹/MT ***
7 Cyclohexanone Prices ₹/MT *** *** ***8 Hydroxylamine Sulphate Prices ₹/MT *** *** ***9 Oleum Prices ₹/MT *** *** ***10 Other Conversion cost ₹/MT ***11 Total COP ₹/MT ***12 Less: Interest ₹/MT ***13 Total COP Less Interest ₹/MT ***14 Add: Profit @ 5% ₹/MT ***15 Constructed Normal Value (11+14) ₹/MT ***16 Exchange Rate ₹/USD 71.65 17 Constructed Normal Value USD/MT 1700-1900
Notes-1. Benzene prices as per Global Exports (Source: Trademap data) and Norms as per SION Data2. Norms for Cyclohexane are as per DI data3. Cyclohexanone norms as per SION data4. Hydroxylamine Sulphate prices and norms are as per Domestic Industry Data5. Oleum prices are as per Global Exports and norms are as per Domestic Industry Data6. Other conversion cost are as per Domestic Industry Data
82
ANNEXURE 3.2 ________________
STATEMENT OF NET
EXPORT PRICE
83
Product: Caprolactam POI: 2019-20Statement of Net Export Price
SN Particulars UOM EU Korea RP Russia Thailand1 Import Volume MT 14,510 36,288 12,600 2,416 2 Import Value ₹ Lacs 15,300 41,838 12,761 2,608 3 CIF ₹/MT 105,450 115,293 101,282 107,967 4 CIF $/MT 1,472 1,609 1,413 1,507 5 Ocean Freight (60 USD Per MT) $/MT 60 40 70 40 6 Marine Insurance @ 0.05% $/MT 1 1 1 1 7 FOB Price $/MT 1,411 1,568 1,343 1,466 8 Commission @3% $/MT 42 47 40 44 9 Bank charge @ 0.5% $/MT 7 8 7 7
10 Port expenses @ 0.5% $/MT 7 8 7 7 11 Handling charges @ 0.5% $/MT 7 8 7 7 12 Net export price $/MT 1,347 1,498 1,282 1,400 13 Exchange rate ₹/$ 71.65 71.65 71.65 71.6514 Net export price ₹/MT 96,549 107,313 91,885 100,320
84
ANNEXURE 3.3 ________________
STATEMENT OF
DUMPING MARGIN
85
Product: Caprolactam Non-ConfidentialStatement of Dumping Margin
SN Particulars UOM EU Korea RP Russia Thailand1 Constructed Normal Value USD/MT 1700-1900 1700-1900 1700-1900 1700-19002 Net Export Price USD/MT 1,347 1,498 1,282 1,400 3 Dumping Margin USD/MT *** *** *** ***4 Dumping Margin %-Range 35-45% 20-30% 40-50% 30-40%
86
ANNEXURE 3.4 ________________
EVIDENCE OF NORMAL
VALUE
87
Product BenzeneHS Code 290220
Quarter MT USD'000 Rs. Lacs USD/MT Rs/MT2019-Q2 2,314,651 1,469,570 1,034,539 635 44,695 2019-Q3 2,132,963 1,429,572 1,015,997 670 47,633 2019-Q4 1,963,929 1,302,039 940,853 663 47,907 2020-Q1 1,617,134 1,063,412 775,121 658 47,932 Average 8,028,677 5,264,593 3,766,510 656 46,913 Source: Trademap Data
Product Sulphuric acid; oleumHS Code 280700
Quarter MT USD'000 Rs. Lacs USD/MT Rs/MT2019-Q2 4,963,482 379,349 267,052 76 5,380 2019-Q3 4,581,663 290,486 206,448 63 4,506 2019-Q4 4,951,315 288,637 208,569 58 4,212 2020-Q1 4,183,935 184,605 134,559 44 3,216 Average 18,680,395 1,143,077 816,628 61 4,372 Source: Trademap Data
Price
Price
88
/
Trade statistics for international business developmentMonthly, quarterly and yearly trade data. Import & export values, volumes, growth rates, market shares, etc.
List of exporters for the selected productProduct: 290220 Benzene
1 2
HS8 Exporters2018-Q3 2018-Q4 2019-Q1 2019-Q2 2019-Q3 2019-Q4 2020-Q1 2020-Q2
Exportedquantity Unit Exported
quantity Unit Exportedquantity Unit Exported
quantity Unit Exportedquantity Unit Exported
quantity Unit Exportedquantity Unit Exported
quantity Unit
Korea,Republic of 588,112,743 Kilograms 702,903,724 Kilograms 673,461,997 Kilograms 756,472,426 Kilograms 668,341,007 Kilograms 529,314,642 Kilograms 555,505,778 Kilograms 625,824,437 Kilograms
Japan 187,814,212 Kilograms 194,786,418 Kilograms 149,647,272 Kilograms 176,070,211 Kilograms 132,254,074 Kilograms 142,322,066 Kilograms 121,145,793 Kilograms 104,717,573 Kilograms
UnitedKingdom 139,896,008 Kilograms 122,605,545 Kilograms 123,015,219 Kilograms 141,689,449 Kilograms 128,908,157 Kilograms 113,651,437 Kilograms 109,662,760 Kilograms 81,122,745 Kilograms
Brazil 45,136,372 Kilograms 58,479,626 Kilograms 41,673,986 Kilograms 25,975,355 Kilograms 17,567,825 Kilograms 44,373,944 Kilograms 28,576,845 Kilograms 63,463,412 Kilograms
UnitedStates ofAmerica
64,778,237 Liters 25,513,731 Liters 15,610,862 Liters 11,644,200 Liters 34,230,757 Liters 17,538,733 Liters 24,229,484 Liters 35,238,441 Liters
France 15,105,738 Kilograms 157,804 Kilograms 8,958,719 Kilograms 28,050,414 Kilograms 19,910,321 Kilograms 49,829,200 Kilograms 31,891,567 Kilograms 19,296,145 Kilograms
China 11,916,356 Kilograms 11,595,789 Kilograms 8,835,550 Kilograms 8,917,160 Kilograms 11,901,928 Kilograms 6,107,201 Kilograms 2,973,402 Kilograms 80,000 Kilograms
Canada 16,261,529 Kilograms 29,300,148 Kilograms 28,539,613 Kilograms 41,748,484 Kilograms 28,045,977 Kilograms 9,590,193 Kilograms 14,609,201 Kilograms 33,833 Kilograms
Switzerland 66 Kilograms 105 Kilograms 96 Kilograms 257 Kilograms 89 Kilograms 318 Kilograms 232 Kilograms 100 Kilograms
Norway 0 1 Kilograms 0 0 0 0 0 0
Philippines 3,150,000 Kilograms 3,150,000 Kilograms 3,150,000 Kilograms 0 2,940,000 Kilograms 0
Poland 49,219,163 Kilograms 27,491,805 Kilograms 59,059,348 Kilograms 66,708,596 Kilograms 53,769,664 Kilograms 55,561,132 Kilograms 53,635,125 Kilograms
Portugal 0 0 2,500,000 Kilograms 0 0 0 0
Romania 10,468,100 Kilograms 0 Mixed 8,384,250 Kilograms 0 Mixed 0 Mixed 9,364,550 Kilograms 7,135,050 Kilograms
RussianFederation 2,553,492 Kilograms 3,521,298 Kilograms 7,726,093 Kilograms 5,168,482 Kilograms 9,412,742 Kilograms 10,994,172 Kilograms 10,663,244 Kilograms
Serbia 8,354,706 Kilograms 14,454,490 Kilograms 8,598,981 Kilograms 7,236,033 Kilograms 12,025,478 Kilograms 12,953,627 Kilograms 9,178,790 Kilograms
India 418,874,094 Kilograms 411,852,946 Kilograms 405,116,639 Kilograms 379,114,740 Kilograms 400,898,171 Kilograms 306,657,734 Kilograms
Singapore 25,142 Tons 32,525 Tons 17,451 Tons 46,839 Tons 24,779 Tons 51,630 Tons 11,760 Tons
Slovakia 9,329,500 Kilograms 12,946,320 Kilograms 12,656,471 Kilograms 13,409,410 Kilograms 12,385,320 Kilograms 6,352,450 Kilograms 12,096,170 Kilograms
Slovenia 0 0 Mixed 447 Kilograms 21 Kilograms 11 Kilograms 0 0
SouthAfrica 196,384 Kilograms 70,735 Kilograms 77,586 Kilograms 141,701 Kilograms 79,661 Kilograms 61,527 Kilograms 41,296 Kilograms
Spain 194 Kilograms 80 Kilograms 245 Kilograms 0 Mixed 191 Kilograms 0 Mixed 0 Mixed
Eswatini 0 4 Kilograms 0 0 0 0 0
Sweden 8 Kilograms 9 Kilograms 16 Kilograms 23 Kilograms 13 Kilograms 7 Kilograms 15 Kilograms
Thailand 165,959,194 Kilograms 151,493,367 Kilograms 157,412,371 Kilograms 110,309,605 Kilograms 129,827,338 Kilograms 112,584,453 Kilograms 182,603,025 Kilograms
1 2
Sources: Calculations based on ITC statistics.
Copyright © 1999-2019 International Trade Centre. All rights reserved.
Contact us Email: marketanalysis@intracen.org Phone: +41 (0) 22 730 05 40
In collaboration with:
89
/
Trade statistics for international business developmentMonthly, quarterly and yearly trade data. Import & export values, volumes, growth rates, market shares, etc.
List of exporters for the selected productProduct: 290220 Benzene
Unit : US Dollar thousand
1 2
HS8 ExportersExportedvalue in2018-Q3
Exportedvalue in2018-Q4
Exportedvalue in2019-Q1
Exportedvalue in2019-Q2
Exportedvalue in2019-Q3
Exportedvalue in2019-Q4
Exportedvalue in2020-Q1
Exportedvalue in 2020-
Q2
Korea, Republic of 503,107 507,855 397,042 472,380 446,173 357,621 349,438 236,580
Japan 154,750 152,610 83,773 103,551 83,434 93,737 81,827 43,374
United Kingdom 92,445 73,635 54,175 81,190 79,299 62,015 44,694 17,872
Brazil 37,665 43,275 21,571 15,190 12,341 27,996 18,153 14,627
United States of America 27,965 10,338 6,479 4,663 13,590 6,758 9,863 13,927
France 13,553 140 5,202 20,034 14,322 29,416 18,596 4,819
China 9,254 9,217 6,380 6,304 6,418 3,094 1,523 53
Switzerland 8 2 9 8 11 20 5 13
Canada 12,935 22,095 16,977 29,175 19,893 6,565 10,776 10
Norway 0 0 0 0 0 0 0 0
Philippines 2,662 2,158 1,648 0 1,945 0
Poland 42,246 20,433 33,486 46,424 39,605 36,863 38,410
Portugal 0 0 1,170 0 0 0 0
Romania 8,174 6,313 4,523 3,878 7,696 5,926 4,987
Russian Federation 2,077 2,675 4,170 3,300 6,065 7,328 7,230
Serbia 6,281 8,852 3,893 4,560 7,747 7,551 5,685
India 350,496 298,426 225,319 226,590 246,275 212,100
Singapore 20,924 23,950 9,614 30,308 16,275 34,186 7,980
Slovakia 7,989 9,388 6,813 8,996 8,904 4,161 8,573
Slovenia 0 0 4 0 0 0 0
South Africa 157 64 344 106 68 47 35
Spain 7 4 5 4 6 3 2
Eswatini 0 0 0 0 0 0 0
Sweden 0 0 0 1 0 0 0
Thailand 146,466 118,838 97,913 71,019 89,122 81,217 125,381
1 2
Sources: Calculations based on ITC statistics.
Copyright © 1999-2019 International Trade Centre. All rights reserved.
Contact us Email: marketanalysis@intracen.org Phone: +41 (0) 22 730 05 40
In collaboration with:
90
/
Trade statistics for international business developmentMonthly, quarterly and yearly trade data. Import & export values, volumes, growth rates, market shares, etc.
List of exporters for the selected productProduct: 280700 Sulphuric acid; oleum
1 2 3
HS8 Exporters2018-Q3 2018-Q4 2019-Q1 2019-Q2 2019-Q3 2019-Q4 2020-Q1 2020-Q2
Exportedquantity Unit Exported
quantity Unit Exportedquantity Unit Exported
quantity Unit Exportedquantity Unit Exported
quantity Unit Exportedquantity Unit Exported
quantity Unit
Japan 715,288,918 Kilograms 664,926,505 Kilograms 718,188,170 Kilograms 799,956,684 Kilograms 759,706,322 Kilograms 494,032,080 Kilograms 795,777,624 Kilograms 854,037,856 Kilograms
Korea,Republic of 722,311,349 Kilograms 794,732,183 Kilograms 688,053,726 Kilograms 697,248,538 Kilograms 731,465,296 Kilograms 823,348,312 Kilograms 810,351,264 Kilograms 759,554,073 Kilograms
China 499,657,714 Kilograms 422,369,942 Kilograms 512,792,770 Kilograms 613,572,381 Kilograms 431,701,867 Kilograms 616,715,637 Kilograms 508,867,090 Kilograms 512,195,542 Kilograms
France 34,531,837 Kilograms 33,766,106 Kilograms 43,789,815 Kilograms 25,539,860 Kilograms 36,219,567 Kilograms 43,445,354 Kilograms 41,963,122 Kilograms 44,089,289 Kilograms
Turkey 35,761,129 Kilograms 73,741,992 Kilograms 93,320,503 Kilograms 51,623,343 Kilograms 183,103 Kilograms 20,157,613 Kilograms 24,100 Kilograms 12,765,682 Kilograms
Switzerland 3,684,749 Kilograms 5,449,472 Kilograms 7,614,770 Kilograms 4,538,255 Kilograms 3,799,443 Kilograms 4,138,977 Kilograms 7,006,659 Kilograms 5,277,682 Kilograms
UnitedKingdom 3,018,153 Kilograms 2,764,321 Kilograms 2,981,312 Kilograms 2,799,773 Kilograms 3,331,077 Kilograms 5,216,237 Kilograms 3,125,907 Kilograms 3,055,267 Kilograms
Canada 487,571 Tons 487,207 Tons 458,752 Tons 521,734 Tons 561,690 Tons 503,414 Tons 473,850 Tons 524,975 Tons
UnitedStates ofAmerica
89,538 Tons 58,907 Tons 48,055 Tons 60,213 Tons 49,019 Tons 64,182 Tons 44,644 Tons 58,590 Tons
Brazil 75,769 Kilograms 281,007 Kilograms 70,932 Kilograms 221,133 Kilograms 100,136 Kilograms 200,380 Kilograms 4,434 Kilograms 51,928 Kilograms
Bahrain 0 0 0 0 0 4 Kilograms 4 Kilograms 0
Bosnia andHerzegovina 10,104 Kilograms 180 Kilograms 0 0 0 0 0 0
NewZealand 239 Kilograms 0 Kilograms 0 Kilograms 7,992 Kilograms 0 0 Kilograms 900 Kilograms 0
Pakistan 180,195 Kilograms 0 0 0 0 0
Peru 336,647,532 Kilograms 366,416,669 Kilograms 208,575,608 Kilograms 339,765,084 Kilograms 340,402,601 Kilograms 358,924,304 Kilograms
Philippines 129,716,601 Kilograms 132,177,000 Kilograms 206,662,000 Kilograms 188,290,163 Kilograms 49,504,000 Kilograms 233,173,000 Kilograms
Poland 110,024,271 Kilograms 78,208,476 Kilograms 82,373,107 Kilograms 76,297,501 Kilograms 76,326,380 Kilograms 56,984,024 Kilograms 62,264,055 Kilograms
Portugal 1,007,140 Kilograms 368,829 Kilograms 322,521 Kilograms 398,933 Kilograms 320,005 Kilograms 954,651 Kilograms 250,674 Kilograms
Romania 142,040 Kilograms 212,500 Kilograms 23,500 Kilograms 47,200 Kilograms 393,540 Kilograms 211,000 Kilograms 164,100 Kilograms
RussianFederation 69,316,858 Kilograms 84,841,210 Kilograms 68,344,490 Kilograms 70,429,686 Kilograms 109,041,710 Kilograms 117,738,243 Kilograms 94,708,907 Kilograms
Serbia 6,213,352 Kilograms 7,722,266 Kilograms 1,962,962 Kilograms 3,037,076 Kilograms 3,466,952 Kilograms 2,962,256 Kilograms 4,526,522 Kilograms
India 6,591,615 Kilograms 61,198,465 Kilograms 29,401,720 Kilograms 9,727,780 Kilograms 9,161,989 Kilograms 7,857,848 Kilograms
Singapore 2,589,521 Kilograms 3,511,976 Kilograms 4,269,730 Kilograms 2,323,935 Kilograms 3,122,498 Kilograms 2,764,312 Kilograms 2,731,406 Kilograms
Slovakia 368,848 Kilograms 115,260 Kilograms 248,892 Kilograms 0 Mixed 0 Mixed 151,400 Kilograms 107,828 Kilograms
Slovenia 294,558 Kilograms 525,079 Kilograms 610,348 Kilograms 260,808 Kilograms 80,299 Kilograms 40,385 Kilograms 74,226 Kilograms
1 2 3
Sources: Calculations based on ITC statistics.
Copyright © 1999-2019 International Trade Centre. All rights reserved.
Contact us Email: marketanalysis@intracen.org Phone: +41 (0) 22 730 05 40
In collaboration with:
91
/
Trade statistics for international business developmentMonthly, quarterly and yearly trade data. Import & export values, volumes, growth rates, market shares, etc.
List of exporters for the selected productProduct: 280700 Sulphuric acid; oleum
Unit : US Dollar thousand
1 2 3
HS8 ExportersExportedvalue in2018-Q3
Exportedvalue in2018-Q4
Exportedvalue in2019-Q1
Exportedvalue in2019-Q2
Exportedvalue in2019-Q3
Exportedvalue in2019-Q4
Exportedvalue in2020-Q1
Exportedvalue in 2020-
Q2
Canada 29,376 32,243 30,375 59,440 48,344 45,839 41,949 45,469
Japan 13,443 14,337 25,734 27,821 19,960 7,879 10,406 7,798
United States of America 12,711 9,091 8,618 9,083 8,050 5,542 9,167 6,576
Korea, Republic of 17,648 23,726 31,709 27,662 21,681 22,641 10,865 5,725
France 3,171 3,245 4,260 3,223 4,024 4,085 4,149 3,753
China 23,782 23,810 34,268 31,474 15,195 19,524 7,670 3,445
United Kingdom 2,005 1,694 2,081 2,219 2,053 2,205 1,765 1,706
Switzerland 373 618 658 488 377 473 735 587
Turkey 1,813 4,466 6,595 3,915 41 741 8 327
Brazil 3 10 17 8 6 8 11 5
Bahrain 0 0 0 0 0 0 0 0
Bosnia and Herzegovina 2 0 0 0 0 0 0 0
New Zealand 0 0 0 6 0 0 2 0
Pakistan 19 0 0 0 0 0
Peru 18,407 19,596 19,203 35,968 32,988 30,234
Philippines 3,565 4,716 10,280 12,712 3,121 3,608
Poland 5,664 3,986 5,016 3,676 3,744 2,819 2,902
Portugal 169 32 15 27 27 209 47
Romania 10 19 2 5 47 20 13
Russian Federation 3,626 3,929 2,393 2,578 3,752 3,769 3,213
Serbia 204 247 160 194 197 182 193
India 1,329 4,751 3,096 1,785 1,614 1,369
Singapore 545 718 842 724 579 733 597
Slovakia 83 16 64 11 28 6 5
Slovenia 39 56 64 59 25 9 20
1 2 3
Sources: Calculations based on ITC statistics.
Copyright © 1999-2019 International Trade Centre. All rights reserved.
Contact us Email: marketanalysis@intracen.org Phone: +41 (0) 22 730 05 40
In collaboration with:
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ANNEXURE 3.5 ________________
EXCHANGE RATE
96
Exchange Rate
Apr-16 67.31 Apr-17 65.84 Apr-18 66.18 Apr-19 69.90May-16 67.46 May-17 65.24 May-18 67.94 May-19 70.79Jun-16 68.17 Jun-17 65.25 Jun-18 68.41 Jun-19 70.50Jul-16 68.15 Jul-17 65.39 Jul-18 69.56 Jul-19 69.79Aug-16 67.80 Aug-17 64.88 Aug-18 70.17 Aug-19 71.00Sep-16 67.80 Sep-17 65.11 Sep-18 72.63 Sep-19 72.42Oct-16 67.56 Oct-17 65.82 Oct-18 74.35 Oct-19 72.22Nov-16 68.12 Nov-17 65.80 Nov-18 73.81 Nov-19 72.30Dec-16 68.99 Dec-17 65.42 Dec-18 71.88 Dec-19 72.26Jan-17 68.89 Jan-18 64.68 Jan-19 71.67 Jan-20 71.89Feb-17 68.21 Feb-18 64.67 Feb-19 72.35 Feb-20 72.20Mar-17 66.96 Mar-18 65.90 Mar-19 70.87 Mar-20 74.57Average 67.95 Average 65.33 Average 70.82 Average 71.65
2016-17 2017-18 2018-19 POI
97
ANNEXURE 6.1 ________________
COSTING FORMATS
(A TO L)
98
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format AProduct:Caprolactam Non-ConfidentialStatement of Consumption of Raw Material (RM) - Packing Material (PM) and Utilities used for PUC Production POI: Apr'19-Mar'20
Qty Norms** Value Rate Qty Norms** Value Rate Qty Norms** Value Rate Qty Norms** Value Rate
MT MT/MTRs. in Lacs
Rs./MT MT MT/MTRs. in Lacs
Rs./MT MT MT/MTRs. in Lacs
Rs./MT MT MT/MTRs. in Lacs
Rs./MT
CyclohexanoneHydroxyl Amine Sulphate(HAS)23% Oleum29% Oleum Other Raw materialTotal
Qty Norms** Value Rate Qty Norms** Value Rate Qty Norms** Value Rate Qty Norms** Value Rate
MT MT/MTRs. in Lacs
Rs./MT MT MT/MTRs. in Lacs
Rs./MT MT MT/MTRs. in Lacs
Rs./MT MT MT/MTRs. in Lacs
Rs./MT
PowerRaw WaterDM WaterSteamEffluentTotal
Business proprietary information not amenable to summarization.
Business proprietary information not amenable to summarization.
Particulars
2019-20 2018-19 2017-18 2016-17Actual Consumption Actual Consumption Actual Consumption Actual Consumption
A B C D
Particulars
2019-20 2018-19 2017-18 2016-17Actual Consumption Actual Consumption Actual Consumption Actual Consumption
A B C D
99
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC)Product:Caprolactam Statement of Raw Material Consumption
2016-17 2017-18 2018-19 2019-20
Cyclohexanone MT/MTHydroxyl Amine Sulphate(HAS) MT/MT23% Oleum MT/MT29% Oleum (Om02) MT/MTOther Raw material Rs/MTTotal cost at POI Rates Rs/MT
Business proprietary information not amenable to summarization.
Format BNon-Confidential
POI: Apr'19-Mar'20
Particulars UnitStandard or normative
Consumption
Actual Consumption per unit of Average Rate of
POI
100
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC)Product:Caprolactam Non-ConfidentialAllocation and Apportionment of ExpensesPOI:Apr'19-Mar'20
(Rs.in lacs)2018-19 2017-18 2016-17
PUC* NPUC
ValueCyclohexanone
Hydroxyl
Amine Sulphat
23% Oleum
29% Oleum
Total Value
Total Value
Total Value
Total Value
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 161 Cost of Raw Materials consumed2 Purchase of stock in trade3 Process Material 4 Primary packing consumed5 Consumable Stores and Spares6 Direct Utilities
7Salaries & Wages/ Employee Cost (Manufacturing)
8 Depreciation and Amortization expense9 Repair and Maintenance10 Other Manufacturing overhead11 Finance Costs12 Other Administration Overheads13 Other Selling & Distribution Overheads14 Miscellaneous Expenses15 Other Income16 Income from Sale of scrap/ by products17 Change in stock18 Cost of Sales 19 Less:Captive transfer to Caprolactam20 Less:Captive transfer to Others21 Less:Stock transfer22 Net cost of sale23 Domestic Sales24 Export Sales25 Export Incentives ( Income)26 Profit
27Cost of Production ( Excluding 15,16,17,19 and other non allowable expenses)
Note: There will be one Format C for entire Company. The cost of each major captive input shall be shown separately.*Expenses relevant to each palnt/unit of the company producing PUC shall be shown separately**Separate Column shall be added for each major utility/ captive input used.
Date: Seal and Signature of Cost AccountantPlace: Membership No.
Business proprietary information not amenable to summarization.
CERTIFICATE
I/We have verified the above data with reference to the books of accounts, cost accounting records and / or other relevant records of the company and have found the same to be in accordance with the accounting standard/ Cost Accounting Standards as applicable as on date. Based on the information and explaination given to me/us, and on the basis of Generally Accepted Cost Accounting Principles followed by the industry. I/We certify that the above
cost data reflects true and fair view of the cost of respective activity/plant/product concernd.
Format C
SN ParticularsGL
Code
Total (Company as a whole)
Rearrangement of heads of accounts
if any
Share Applicable to PUC(Apr'19-Mar'20)Captive input
Common Utilities, if
any**
Basis of allocation/
Apportionment
For PUC
101
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format DProduct:Caprolactam Non-ConfidentialFormat D POI: Apr'19-Mar'20Statement of Consumption of Utilities
2016-17 2017-18 2018-19 POI
Major Utilities ( Item wise)Power KWH/MTDM Water M3/MTRaw Water M3/MTSteam(Note) Rs/MTOther utilities Rs/MTTotal Cost at POI Rates Rs/MT
Business proprietary information not amenable to summarization.
Particulars Unit
Standard or normative
Consumption per unit of production
Actual Consumption per unit of Production
Average Rate of
POI
102
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format EProduct:Caprolactam Non-ConfidentialStatement of Sales Realisations POI: Apr'19-Mar'20
Total
Year SoldQuantity
Sales
Gross Sales Realisation (Incl.
excise/VAT)
Gross Sales Realisation
(excl. excise/VAT)
Gross Commissio
n
Discount/ Duty
Others, if any
Net Sales Realisation
(excl. Excise/VAT)
Net Sales Realisation
per unit
MT Rs. Lacs Rs. Lacs Rs. Lacs Rs. LacsRs.
LacsRs. Lacs Rs./MT
2016-172017-182018-19POINote: In case of PCNs are suggested by the domestic industry, the aforesaid information be furnished PCN wise
Domestic Sale
Year SoldQuantity
Sales
Gross Sales Realisation (Incl.
excise/VAT)
Gross Sales Realisation
(excl. excise/VAT)
Gross Commissio
n
Discount/ Duty
Others, if any
Net Sales Realisation
(excl. Excise/VAT)
Net Sales Realisation
per unit
MT Rs. Lacs Rs. Lacs Rs. Lacs Rs. LacsRs.
LacsRs. Lacs Rs./MT
2016-172017-182018-19POI
Export Sales
Year SoldQuantity
Sales
Gross Sales Realisation (Incl.
excise/VAT)
Gross Sales Realisation
(excl. excise/VAT)
Gross Commissio
n
Discount/ Duty
Others, if any
Net Sales Realisation
(excl. Excise/VAT)
Net Sales Realisation
per unit
MT Rs. Lacs Rs. Lacs Rs. Lacs Rs. LacsRs.
LacsRs. Lacs Rs./MT
2016-172017-182018-19POI
Monthwise for POI - Domestic Sales
MonthsQuantity
Sales
Gross Sales Realisation (Incl. excise/GST/VAT)
Gross Sales Realisation
(excl. excise /GST/VAT)
Gross Commissio
n
Discount/ Duty
Others, if any
Net Sales Realisation
(excl. Excise/VAT)
Net Sales Realisation
per unit
MT Rs. Lacs Rs. Lacs Rs. Lacs Rs. LacsRs.
LacsRs. Lacs Rs./MT
Apr-19May-19Jun-19Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Total
Business proprietary information not amenable to summarization.
Business proprietary information not amenable to summarization.
Business proprietary information not amenable to summarization.
Business proprietary information not amenable to summarization.
103
104
FORMAT -G
DECLARATION BY LEGAL REPRESENTATIVE
We TPM Consultants counsel or legal representative to Gujarat State Fertilizers & Chemicals Limited, certify that we have read the attached submission of Gujarat State Fertilizers & Chemicals Limited dated 26th August 2020 pursuant to request for initiation of initiation of anti-dumping investigation for imposition of anti-dumping duty on the imports of Caprolactam from European Union, Korea RP, Russia and Thailand.
In our capacity as a legal representative, we have explained the basic provisions of the Indian anti-dumping laws to the party including the consequences of any deliberate or wilful and/or fraudulent concealment, misdeclaration or misrepresentation by the said party in any manner whatsoever.
In our capacity as an adviser, counsel, preparer or reviewer of this submission, we further certify that the information contained in this submission is true, complete and correct to the best of my/our knowledge and belief and that it is based on the records of the company generally/ consistently made by the company and that we have not knowingly and/or wilfully made any material false statements to the Designated Authority and am/are not party to any concealment, misdeclaration or misrepresentation by our clients.
Name : A.K. Gupta Signature:
Designation: Director Seal:
105
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format HProduct:Caprolactam Non-ConfidentialPerformance Parameters of Domestic Industry (PUC) POI: Apr'19-Mar'20
SN Particulars Unit 2016-17 2017-18 2018-19 POI1 Installed Capacity MT 70,000 70,000 70,000 70,000 2 Production Quantity PUC MT 85,443 87,051 89,390 83,134 3 Capacity Utilisation Percentage % 122% 124% 128% 119%
4Average Industry Norms for Capacity Utilisation, if any
%
5 Sales Quantity MT-Indexed 100 99 102 94 a Domestic Sales- SSI MT-Indexed - - - - b Domestic Sales - Other than SSI MT-Indexed 100 102 106 94 c Export Sales MT-Indexed 100 10 7 25 d Captive Sale MT-Indexed 100 121 136 134 e Stock Transfer MT *** *** *** *** 6 Sales Value Rs. Lacs-Indexed 100 120 144 94 a Domestic Sales- SSI Rs. Lacs-Indexed - - - - b Domestic Sales - Other than SSI Rs. Lacs-Indexed 100 122 146 95 c Export Sales Rs. Lacs-Indexed 100 17 11 30 7 Sales Realisation per Unit Rs./MT-Indexed 100 120 138 101 a Domestic Sales- SSI Rs./MT-Indexed - - - - b Domestic Sales - Other than SSI Rs./MT-Indexed 100 119 138 101 c Export Sales Rs./MT-Indexed 100 161 171 121 8 No. of Employees Nos-Indexed 100 102 101 107 9 Productivity Per Day MT/Day 244 249 255 238
10Average Industry Norms for Productivity per day, if any MT/Day
11 Inventorya Opening Stock MT-Indexed 100 38 44 29 b Closing Stock MT-Indexed 100 116 77 138 a Average Stock MT-Indexed 100 59 53 59
12 Inventory as No. of days of ProductionMT-Indexed 100 58 50 60
13 Inventory as No. of days of Sales MT-Indexed 100 59 51 62
14Average Industry Norms for Inventory, if any
MT
15 R & D Expenses Rs. Lacs16 Funds Raised Rs. Lacsa Equity Rs. Lacs
b Loans and Advances Rs. Lacsc Working Capital Rs. Lacsd Others, if any Rs. Lacs
17 Cost of Sales per unit Domestic Sales Rs./MT-Indexed 100 110 127 132
18 Cost of Sales per unit- Exports Rs./MT-Indexed 100 110 127 132 19 Selling Price Per unit - Domestic Sales Rs./MT-Indexed 100 119 138 101 20 PBT per unit -Domestic Sales Rs./MT-Indexed 100 176 208 (90)
21 Total Profit before tax - Domestic Sales Rs. Lacs-Indexed 100 179 220 (85)
22 Interest/ Finance Cost- Domestic Sales Rs. Lacs-Indexed 100 48 125 126
23Total Profit before interest - Domestic Sales
Rs. Lacs-Indexed 100 177 219 (82)
24 Depreciation and Amortisation Expense Rs. Lacs-Indexed 100 414 100 132
25 Other non cash expenses Rs. Lacs-Indexed - - - -
26 Cash Profits Rs. Lacs-Indexed 100 179 220 (85)
27 Total Salary & Wages Rs. Lacs-Indexed 100 128 85 116 28 Average Capital Employed Rs. Lacs-Indexed 100 122 123 113 29 PBIT as % of Avg Capital Employed %-Indexed 100 146 177 (73)30 Average Industry Norm for PBIT as % of
Avg. Capital Employed, if any%
* If the same plant can be used for production of NPUC also, the total production of NPUC need to be indicated.
Date: Seal and Signature of Cost AccountantPlace: Membership No.
As per Financials.Breakup not available for product level.
** Small Scale Industries (SSI) means a micro enterprise/small enterprise or a medium enterprise as defined in The Micro, Small and Medium Enterprises Developments Act, 2006
CERTIFICATEI/We have verified the above data with reference to the books of account, cost accounting records and / or other relevant records of the company and have found the same to be in accordance with the Accounting Standards/ Cost Accounting
Standards as applicable as on date. Based on the information and explanations given to me/us, and on the basis of Generally Accepted Cost Accounting Principles & Practices followed by the industry, I/ We certify that the above data
reflects true and fair view for production and sales of the PUC concerned as per the books of accounts maintained by the
106
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format IProduct:Caprolactam Non-ConfidentialPCN wise Summarised Statement of Expenses POI: Apr'19-Mar'20
PCN No.
Production Quantitiy
Sales Quantity
Total Raw Material
Cost
Total Cost of Utilities
Total Direct Labour
Cost
Other Expenses
Total Cost
UnitMT MT Rs Lacs Rs Lacs Rs Lacs Rs Lacs Rs Lacs
Date: Seal and Signature of Cost AccountantPlace: Membership No.
NA *PCNs could be identified on the basis of difference in technical characteristics like
CERTIFICATEI/We have verified the above data with reference to the books of account, cost accountingrecords and/ or other relevant records of the company and have found the same to be inaccordance with the Accounting Standards/Cost Accounting Standards as applicable as ondate. Based on the information and explanations given to me/us,and on the basis of GenerallyAccepted Cost Accounting Principles & Practices followed by the industry, I/ We certify that theabove cost data reflects true and fair view of the cost of respective PCNs for production of the
107
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFC) Format JProduct:Caprolactam Non-ConfidentialDetails of Related Party Transactions for Production and Sales of PUC or any of its inputsPOI: Apr'19-Mar'20
SNParticulars (Nature of
Transaction) unit Quantity
Rate Per unit
Total Transfer
price
Basis of Pricing
Whether the
transaction is at Arm's
Cost per
Unit, if transati
on is
Comparable Arm's
Length Price if
available
Date: Seal and Signature of Cost AccountantPlace: Membership No.
Business proprietary information not amenable to summarization.
CERTIFICATEI/We have verified the above data with reference to the books of account, cost accounting records and/ or otherrelevant records of the company and have found the same to be in accordance with the Accounting Standards/Cost Accounting Standards as applicable as on date. Based on the information and explanations given to me/us,and on the basis of Generally Accepted Cost Accounting Principles & Practices followed by the industry, I/ Wecertify that the above data reflects true and fair view of the respective transactions used for production/sale of the
108
Name of Company: Gujarat State Fertlizers and Chemicals Ltd(GSFCProduct:Caprolactam Format KComputation of Capital Employed Non-ConfidentialNet Fixed Assets POI: Apr'19-Mar'20
(Rs in Lacs)
SN Component of NFA
Co. as a whole
(Reconciled with Audited
Certified Accounts)
*Impact of Revaluation of Assets if
any
NPUC Claime
d
PUC Claime
d
Co. as a whole
(Reconciled with Audited
Certified Accounts)
*Impact of Revaluation of Assets if
any
NPUC Claimed
PUC Claime
d
Co. as a whole
(Reconciled with Audited
Certified Accounts)
*Impact of Revaluation of Assets if
any
NPUC Claimed
PUC Claimed
Co. as a whole
(Reconciled with Audited
Certified Accounts)
*Impact of Revaluation of Assets if
any
NPUC Claimed
PUC Claimed
A Tangible Assetsi Freehold landii Leasehold Landiii Leasehold Buildingiv Buildingv Bridge, culverts,bunders,etc.vi Roadsvii Plant and machineryviii Furniture and fittingsix Motor Vehiclesx Railway sidingsxi Office equipmentsxii Computers xiii Laboratory equipmentsxiv Electrical Installation and Equipmentsxv Library booksB Intangible Assetsi Computer softwareC Captive input assetsD Net Fixed Assets
Date: Seal and Signature of Cost AccountantPlace: Membership No.
CERTIFICATEI/We have verified the above data with reference to the books of account, cost accounting records and/ or other relevant records of the company and have found the same to be in accordance with the Accounting Standards/ Cost Accounting Standards as
applicable as on date. Based on the information and explanations given to me/us, and on the basis of Generally Accepted Cost Accounting Principles & Practices followed by the industry, I/ We certify that the above data reflects true and fair view of the Capital Employed for production of the PUC concerned.
As on 31-Mar-2020
Business proprietary information not amenable to summarization.
As on 31-Mar-2019Basis of
Allocation between
NPUC and PUC
As on 31-Mar-2018 As on 31-Mar-2017
109
Name of Company : Gujarat State Fertilizers & Chemicals Limited Format KProduct:Caprolactam Non-Confidential
POI: Apr'19-Mar'20Computation of Capital Employed
(Rs in Lacs)Working Capital
SN Component of WC (Head Wise)
Company as a whole
(Reconciled with Audited
Certified Accounts)
NPUC Claimed (Amount)
PUC claimed (Amount
)
Company as a whole
(Reconciled with Audited
Certified Accounts)
NPUC Claimed (Amount)
PUC claimed (Amount
)
Company as a whole
(Reconciled with
Audited Certified
Accounts)
NPUC Claimed (Amount)
PUC claimed (Amount
)
Company as a whole
(Reconciled with
Audited Certified
Accounts)
NPUC Claimed (Amount)
PUC claimed
(Amount)
A Current Assets1 Inventories2 Financial Assets
i.Trade Receivablesii.Government subsidies receivablesiii.Cash & Cash equivalentiv.Bank Balancev.Loanvi.Other financial assets
3 Other current assetsTotal
B Current Liabilities1 Financial Liablities
i.Trade payableii.Other financial liablities
2 Other current liablities3 Provisions4 Current Tax Liabilities
TotalC Net Working Capital
Date: Seal and Signature of Cost AccountantPlace: Membership No.
CERTIFICATE
I/We have verified the above data with reference to the books of account, cost accounting records and/ or other relevant records of the company and have found the same to be in accordance with the Accounting Standards/ Cost Accounting Standards as applicable as on date. Based on the information and explanations given to me/us, and on the basis of Generally Accepted Cost Accounting Principles &
Practices followed by the industry, I/ We certify that the above data reflects true and fair view of the Capital Employed for production of the PUC concerned.
As on 31 Mar-2020 As on 31 Mar-2019
Basis of Allocation Between
NPUC and PUC
As on 31 Mar-2018 As on 31 Mar-2017
Business proprietary information not amenable to summarization.
110
Format LNon-Confidential
POI: Apr'19-Mar'20
SN PeriodInstalled Capacity
Production Capacity
Utilisation
Transfer from molten to packed
Optimum Production
1 2016-172 2017-183 2018-194 2019-20
SN ParticularsRs Lacs Rs/MT Rs Lacs Rs/MT
A Cost of Production for Molten Capro1 Cost of Major Raw Material Consumed #DIV/0!2 Process Material Consumed #DIV/0!3 Consumable Stores and Spares #DIV/0!4 Direct Utilities #DIV/0!5 Salaries and Wages / Employee Cost #DIV/0!6 Depreciation And Amortisation Expense #DIV/0!7 Repair and Maintenance #DIV/0!8 Other Manufacturing overhead #DIV/0!9 Income from sale of by products #DIV/0!
Cost of Production for Molten CaproB Conversion cost for packed Capro1 Primary packing consumed #DIV/0!2 Consumable Stores and Spares & effluent #DIV/0!3 Salaries and Wages / Employee Cost #DIV/0!4 Repair and Maintenance #DIV/0!5 Depreciation And Amortisation Expense #DIV/0!6 Other Manufacturing overhead #DIV/0!7 Finance cost #DIV/0!8 Other Administration Overheads #DIV/0!9 Other Selling & Distribution Overheads #DIV/0!C Cost of Sales #DIV/0!10 Return11 Non Injurious Price
Calculation of Return
SN Particulars Unit Amount1 Optimum Production MT2 NFA- Opening MT3 NFA- Closing Rs. Lacs4 Average NFA Rs. Lacs5 Average Working Capital -PUC Rs. Lacs6 Cost of sales Rs. Lacs7 Depreciation Rs. Lacs8 cost of sales excl. Dep Rs. Lacs9 % of Working Capital in COS %
10 Net Fixed Asset Per Unit Rs/MT11 Cost of Sales Rs/MT12 Depreciation Rs/MT13 cost of sales excl. Dep Rs/MT14 Working Capital per unit Rs/MT15 Capital employed Rs/MT16 Return (@22% on Capital Employed) Rs/MT17 Less Interest Considered Rs/MT18 Net Return Rs/MT
130000-150000
Name of Company : Gujarat State Fertilizers & Chemicals Limited
Business proprietary
information not amenable to
summarization.
Product:Caprolactam Calculation of Non Injurious Price & Optimum Production
Business proprietary information not amenable to summarization.
As per Format - C NIP as per Ann - III
Business proprietary information not amenable to summarization.
111
Name of Company : Gujarat State Fertilizers & Chemicals LimitedDetails of Admin overhead for the company as wholePeriod -2019-20 Non-Confidential
(Rs in Lacs)
Claimed Allowed1 Canteen expenses2 Canteen receipt3 Consultancy fees4 Depreciation5 Director fees6 Electricity charges7 Filling fees8 General expenses9 Guest house expenses10 Guest house receipt11 Inspection fees12 Insurance13 Interest14 Lecture fees15 License fee16 Packing material17 Postage & courier expenses18 Rates and taxes19 Registration fees20 Rent paid21 Repair and maintenance22 Salary & wages23 Security expenses24 Soil testing charges25 Staff welfare expenses26 Stationery27 Stores28 Telephone expenses29 Tender fees30 Testing charges31 Training expenses32 Travelling expenses33 Vehicle recoveries34 Vehicle running expenses35 Water charges36 Audit fees37 Bank charges38 Grand Total
Amount
Business proprietary information not amenable to
summarization.
SN Admin overhead
112
Name of Company : Gujarat State Fertilizers & Chemicals Limited Non-ConfidentialProduct:Caprolactam Quantity Reconciliation POI:Apr'19-Mar'20
SN Period CapacityOpening
stockProduction
Domestic Sales
Export Sales
Captive sale
Stock Transfer
Capacity utilization
Closing stock
MT MT MT MT MT MT MT % MT1 2016-172 2017-183 2018-194 POI
Monthwise for POI
SN Period CapacityOpening
stockProduction
Domestic Sales
Export Sales
Captive sale
Stock Transfer
Capacity utilization
Closing stock
MT MT MT MT MT MT MT % MT1 Apr-192 May-193 Jun-194 Jul-195 Aug-196 Sep-197 Oct-198 Nov-199 Dec-1910 Jan-2011 Feb-2012 Mar-2013 Total
Business proprietary information not amenable to summarization.
Business proprietary information not amenable to summarization.
Format -Q15
113
ANNEXURE 6.2 ________________
ANNUAL REPORTS
(THE ANNUAL REPORTS ARE AT AVAILABLE AT THE BELOW LINK.
FINCNCIAL STATEMENTS HAVE BEEN ENCLOSED)
https://www.gsfclimited.com/annual_reports.asp?mnuid=5
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GUJARAT STATE FERTILIZERS & CHEMICALS LTD. P.O. FERTILIZERNAGAR, DIST. VADODARA- 391750
Statement of Audited Standalone and Consolidated Financial R .. ulm for Quarter and Year ended 31st March 2020
.---:--
Sr Particulars Audited No
31-Mar-20 1 Income
2
3
4
5 6
7
8
9 10
11 12
a b
(a) Revenue from operations 184,578 (b) Other Income 1,816 Total Income 186 394 Expenses (a) Cost of matenals consumed 50,131 (b) Purchase of stock-in-trade 7,947 (c) Changes in inventories of finished goods. 58,384
work-in-progress and stock in trade (d) Power and Fuel 15,984 (e) Employee benefits expense 20,955 (I) Finance Costs 2.611 (g) Depreciation and amortisation expense 4,337 (h) Other expenses 18,268 Total expanses 178 597 Profit before tax & share or profltl(losa) or aasoclatas {1-2) 7,797 Share in Profit of Associates -Profit before tax (3+4) 7,797 Tax expense/(beneflt) (a) Cunent tax (net of MAT credit entitiementl -(b) Deferred tax 2,189 (c) Short/(Excess) Provision lor Tax 349 Tax expense/(beneflt) 2,538 Net Profit after tax & ahare In profltl(loss) of aaaoclatea (5-3) 5 259 Other Comprehensive In coma
(a) Items that will not be reclassified 10 profit or loss (56,673) (b) Income tax effect on above 13,401 (c) Items that will be reclassified 10 profit or loss -(d) Income tax effect on above -Total Comprehensive lm:ome (7+8) (38 013) Paid-up equ1ty share caprtal 7,970 (Face value off 21- per Equity share) Other equity excluding revaluation reserve -Eamlnga par ahare
(of ~ 21-each) (for the poriod - not annuallaad):
Basic (In t) Diluted fin t l
1.32 ~ 1.32
_ _, ..... ·-·· --UJ ,'::--
'~~::;;- ~~:\~~~~ I IJ:I/
\o /}lr,~'!J .,. :· #< ~,:, ,, ~--\.tofi . ~--Q·.! Z.f~.:..~_;..." ........ ~~
I Unaudited Quarter ended
31-0ec-19
171 694 2.984
174 678
108,330 44,047
(40,297)
19,072 23,370 2.645 4,337
22,950 1~4,454
(9,776)
-(9,776)
(774) (1,689)
-(2 463)
17 313)
16,958 (1,977)
--
7668 7,970
-
(1.84) (1.841
Standalone Audited Audited I Audited Audited I Unaudited J
Year ended Quarter ended 31-Mar-19 31-Mar-20 31-Mar-19 31-Mar-20 31-Dec-19
213,842 762,082 857,454 186,286 180,737 1,536 10,919 10,490 1163 3.129
215 378 773001 867944 187 449 183 866
133,582 359,702 422,602 50,133 108,338 37,441 141,579 206,292 8,026 42,243
(26,603) 10,219 (48,768) 57,794 (32.208)
18,001 65,231 67,672 15,965 19,076 13,860 71 ,426 52,123 21,322 23,731
1.378 11,469 6,126 2,622 2,645 3,308 17,021 12,560 4,356 4,355
21 ,269 83,656 82,795 18 467 23,672 202,176 760 303 801402 178 685 191 854
13,202 12,698 66,542 8,764 (7,988)
- - 24 (12) 13,202 12,698 66,542 8,788 (8,000)
1,010 - 11,633 66 (684) 1,987 2,479 5,311 2,188 (1,687)
229 349 229 349 -3,226 2 828 17173 2603 (2,371)
9976 9 870 49 369 61115 15629)
(9, 192) (59,319) (46,006) (56,676) 16,958 1,423 13,016 7,796 13,401 (1,977)
- - - - -- - - - -
2 207 (36 431) 11159 (37 090 9352 7,970 7,970 7,970 7,970 7,970
- 6711115 718 814 - -
2.50 2.48 12.39 1.55 (1.41) 2.50 2.48 12.39 1.55 (U1)
'UllilNtSJ
Consolidated I Audited Audited I Audited I
Year ended 31-Mar-19 31-Mar-20 31-Mar-19
198,608 779,798 849,067 1,797 10,651 10,753
200 405 790449 859 820
133,585 359,718 422,617 ! 36,392 143,127 210,546 1
(41 ,408) 21 ,619 (64 ,595)
18,006 65,253 67,692 14,173 72,884 53,068 1,376 11,480 6,101 3,331 17,095 12,625
21 ,685 85,475 84,873 187146 778651 792 928
13,259 13,798 66,892 1 (38) 294 3 I
13,222 14,092 &&,895 I
11 .871 1 1,056 299 2,147 2,479 5.481
229 349 229 3,432 3,127 17 581
9791 10965 49 313
(9,190) (59,322) (46,004) 1,423 13,018 7 796
- - . - - .
2 024 (35339) 11105 7,970 7,970 7,970
- 678175 724 098
2.48 2.75 12.38 2.46 2.75 12.311
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GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED Audited Standalone and Consolidated Balance Sheet as at 31st March 2020
(fin lakhs)
Sr Standalone Consolidated
No Particulars As at 31st March As at 31st March As at 31st March As at 31st March
2020 2019 2020 2019 A ASSETS
1 Non-current assets (a) Property, Plant and Equipments 289,129 281 ,030 289,801 281 ,769
(b) Capital wortt-in-progress 10,685 18,702 10,706 18,723
(c) Right of Use Assets 230 - 230 -(d) Other Intangible assets 148 297 158 311
(e) Financial Assets (i) Investments 202,340 231,529 208,741 237,639
(ii) Others financial assets 3,000 4,416 3,007 4,419
(f) Income tax assets (Net) 15,122 9,902 15,122 9,904
(g) Deferred tax assets (Net) 6,763 - 5,272 -(h) Other non current assets 32287 33320 32287 33 320
Sub-Total-Non Current Assets 559,705 579,197 565 325 588 OB5 2 Current assets
(a) Inventories 126,264 143,025 137,369 165,524
(b) Financial Assets (i) Trade receivable 89,172 95,106 84,977 81,162 (ii) Government subsidies receivable 183,104 172,949 179,119 165,791 (iii) Cash and cash equivalents 1,429 3,697 3,404 4,082 (iv) Bank balances other than (iii ) above 1,092 1,203 1,361 2,754 (v) Loans 19,227 17,446 19,230 17,464
(vi) Others financial assets 887 237 964 480
(c) Other current assets 20845 21558 19821 22 317
Sub-Total-Current Assets 442 019 466.221 448 246 459,576
3 Asset classified as held for disposal 704 704 704 704
TOTAL ASSETS 1 002429 1 035,122 1 012 276 1046 384
B EQUITY AND LIABILITIES EQUITY (a) Equity share capital 7,970 7,970 7,970 7,970 (b) Other Equity 671,815 7 18,815 678,175 724,098 (c ) Non controlling Interest - - 129 124
679785 728 784 686,273 732,192
LIABILITIES 1 Non-current llabiiiUes
(a) Financial liabilities (i) Borrowings 9,333 14,667 9,333 14,667
(b) Provisions 80.146 47,190 80,146 47,190 (c) Deferred Subsidy tnCCJme - - 105 116 (d) Deferred tax liabilities (Net) - 2 007 - 3497
Sub-Total-Non Current Liabilities 89479 63864 89584 85471
2 Current llablliUes (a) Financial Liabilities
(i) Borrowings 141 ,241 86,869 141,241 86,869 (ii) Trade payables - Micro and small enterprise 494 1,057 810 1,057
• Other than Micro and small enterpnse 40,203 98,894 42,758 102,809
(iii) Other financial Liabilities 29,578 43,319 29,783 43,602 (b) Other current liabilities 7,819 3,299 7 ,955 3,324 (c) Provisions 13,330 10,537 13,337 10,542 (d) Current tax liabilities (Net) 499 499 534 499
Sub-Total-Current LlablllUes 233,165 244474 236418 248,701
TOTAL EQUITY & LIABILITIES 1002429 1 035122 1.012275 1046 384
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ANNEXURE 6.3
COST AUDIT REPORT
The information is business sensitive, disclosure of which is detrimental to business growth of the petitioner. Further, the information cannot be summarized.
Pg. No.119-301
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