CSB petitions for extending anti-dumping duty on silk imports

14/07/2008 12:00 - 753 Views

India - Cheap silk yarn imports from China have not only flooded the Indian markets but have nearly crippled the business of domestic silk producers and exporters.

Official sources from the state-owned Central Silk Board (CSB) informed Fibre2fashion, that in a bid to retaliate against this illicit trade practice, CSB has filed a petition with the Union Government to extend anti-dumping duty on silk yarn imported from China for another four years from January 2009.

Since Chinese silk yarn is cheaper in comparison to the India raw material, producers in India are finding it difficult to hook buyers.

A case filed by the CSB earlier led to the implementation of anti-dumping duty on silk yarn imports from China in 2002-03. Thereafter, domestic manufacturers witnessed a considerable increase in their profits while exports from India also experienced a substantial growth. The duties were extended again for a period of five years which ended in January 2008 and yet again for a year till January 2009.

Now, based on the newly filed petition of the CSB, the central committee would make a visit to the silk producing areas from next month to survey the charges for extending the anti-dumping duties.

July 09, 2008 (India)

Source: www.fibre2fashion.com