India’s Directorate General of Trade Remedies (DGTR) under the commerce ministry, after concluding an investigation, has recommended the imposition of anti-dumping duty (ADD) on polyester yarn from China, Indonesia and Vietnam for five years. The move is aimed at protecting domestic players in the sector against cheap imports from these countries.
Polyester yarn is used in making fabric for garments and home furnishing. DGTR conducted the probe following a complaint by domestic players.India's Directorate General of Trade Remedies (DGTR) under the commerce ministry, after concluding an investigation, has recommended the imposition of anti-dumping duty (ADD) on polyester yarn from China, Indonesia and Vietnam for five years. The move is aimed at protecting domestic players in the sector against cheap imports from these countries.#
DGTR concluded that yarn from these countries have been exported to India at dumped prices, which has affected the domestic industry.
"The authority accordingly recommends imposition of anti-dumping duty...on all imports of goods... originating in or exported from China, Indonesia and Vietnam for a period of five years from the date of notification to be issued in this regard by the central government," the directorate said in a recent notification.
The duty suggested is in the range of $4 per tonne and $281 per tonne. The finance ministry will take the final call to impose these duties.
"The authority is of the view that the imposition of anti-dumping duty is necessary to offset dumping and injury," it added.
In a separate notification, the directorate has recommended imposition of the duty on imports of aceto acetyl derivatives of aromatic or heterocyclic compounds, also known as arylides, from China.
Fibre2Fashion News Desk (DS)
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