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Dumping Duty continues

May 30, 2011 | COMMENTS ( 0 )

Dumping Duty continues

The Government has decided to continue anti-dumping duty of up to USD 4.82 a kg on viscose filament yarn till February, 2012 in an attempt to protect domestic industry. The duty is recommended by the Commerce Ministry, while the Finance Ministry imposes it.

The anti-dumping duty on the yarn, used for home-furnishing items, originating from China, was initially imposed in 2006.

The yarn is used in linings of clothes, quilt-cover, cotton spinning, knitting and weaving, silk satin and thread-making.

The decision comes following a review carried out by the Government on continuation of the duty on the product. The Commerce Ministry has recommended continuation of the anti-dumping duty.

Anti-dumping duty on the product was originally imposed after it was found that goods have been exported to India from China below its normal value. It was found that the domestic industry has suffered material injury.

Investigations had also been conducted on imports of the yarn from Ukraine, but it was found that the quantity coming from the East European country was negligible.

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