DGTR recommends anti-dumping duty on polyester yarn from China, Indonesia, Vietnam

DGTR recommends anti-dumping duty on polyester yarn from China, Indonesia, Vietnam

PTIUpdated: Friday, August 20, 2021, 05:57 PM IST
article-image
The move is aimed at protecting domestic players in the polyester yarn sector against cheap imports from these countries/ Representational image | Photo by Sajad Hameed

The commerce ministry's investigative arm DGTR has recommended the imposition of anti-dumping duty on polyester yarn - used in making fabric for garments and home furnishing - from China, Indonesia, and Vietnam for five years, according to a notification.

The move is aimed at protecting domestic players in the sector against cheap imports from these countries.

The Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding its probe that imports of the yarn from these countries have been exported at dumped prices in India, which has impacted 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 has said in a notification.

The duty suggested is in the range of $4 per tonne and $281 per tonne. The finance ministry takes 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.

The DGTR conducted the probe following a complaint by domestic players.

The directorate is an investigative arm of the commerce ministry, which probes dumping of goods, a significant increase in imports and subsidised imports from India's trade partners.

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.

These countries are important trading partners of India.

Countries carry out anti-dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose duties under the multilateral regime of the WTO (World Trade Organisation).

The duty is to ensure fair trade practices and create a level playing field for domestic producers concerning foreign producers and exporters.

RECENT STORIES

Rising IP Star Advocate Urvashi M. Dooshi Named 'Woman Leader To Look Up To In 2024'

Rising IP Star Advocate Urvashi M. Dooshi Named 'Woman Leader To Look Up To In 2024'

Top 10 Share Market Training Institutes In India In 2024

Top 10 Share Market Training Institutes In India In 2024

How This Consultant Built A Groundbreaking Data Masking Solution To Revolutionize Data Security

How This Consultant Built A Groundbreaking Data Masking Solution To Revolutionize Data Security

Rama Steel Tubes Board Approves ₹500 Crore Further Public Offering; Stock Closes Over 6% In Green

Rama Steel Tubes Board Approves ₹500 Crore Further Public Offering; Stock Closes Over 6% In Green

Global NCAP Crash Test: Kia Carens Achieves 3-Star Safety Rating

Global NCAP Crash Test: Kia Carens Achieves 3-Star Safety Rating