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India: Dumping duty levied on partially oriented yarn from China
09/05/2012 12:00
The Finance Ministry has levied definitive anti-dumping duty on partially oriented yarn (POY) imports from China. This duty will last for five years unless revoked earlier.
An anti-dumping duty of $542.22 per tonne has been imposed on all POY imports originating in or exported from China.
This follows the Designated Authority's recommendation in its Sunset Review final findings in February for continuation of definitive anti-dumping duty for five more years.
POY is yarn of polyester and is an intermediate which is subject to further processing, for example texturising or draw twisting to make it suitable for weaving or knitting into fabrics. The Association of Synthetic Fibre Industry had filed the application on behalf of the domestic industry comprising Reliance Industries, Garden Silk Mills and JBF Ltd.
The application was supported by Indo Rama Synthetics and Alok Industries.
The Finance Ministry had originally imposed definitive anti-dumping duty on POY imports from China in August 2007.
After a review was initiated last year, the validity of this duty was extended by the Revenue Department till February this year.
An anti-dumping duty of $542.22 per tonne has been imposed on all POY imports originating in or exported from China.
This follows the Designated Authority's recommendation in its Sunset Review final findings in February for continuation of definitive anti-dumping duty for five more years.
POY is yarn of polyester and is an intermediate which is subject to further processing, for example texturising or draw twisting to make it suitable for weaving or knitting into fabrics. The Association of Synthetic Fibre Industry had filed the application on behalf of the domestic industry comprising Reliance Industries, Garden Silk Mills and JBF Ltd.
The application was supported by Indo Rama Synthetics and Alok Industries.
The Finance Ministry had originally imposed definitive anti-dumping duty on POY imports from China in August 2007.
After a review was initiated last year, the validity of this duty was extended by the Revenue Department till February this year.
New Delhi, May 6, 2012
By K. R. Srivats
Source: thehindubusinessline.com
By K. R. Srivats
Source: thehindubusinessline.com
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