Advertise Here [468 W x 60 H pixels]
Web Exclusive | July 2018

Anti-dumping duty on Chinese polyester yarn

India has imposed anti-dumping duty of up to $528 per tonne for 5 years on a Chinese polyester yarn used in automobile and other industries. The move will provide a level playing field to domestic players and guard them against below-cost imports. The Commerce Ministry’s investigation arm Directorate General of Anti-dumping and Allied Duties (DGAD) recommended the duty after a probe into alleged dumping of ‘High Tenacity Polyester Yarn’ from China.

According to a Finance Ministry notification, the duty imposed is in the range of $174-528 per tonne. High Tenacity Polyester Yarn, also called industrial yarn, is used for manufacture of tyre cord fabric, seat belt webbing, ropes, coated fabric, conveyor belt fabric and automotive hose.

Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in below-cost imports. As a counter measure, they impose duties under the multilateral regime of WTO.

The duty is also aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters. India has already imposed anti-dumping duty on several products to check cheap imports from countries including China, with which India has a major concern of widening trade deficit. The deficit has increased to $63.12 billion in 2017-18.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A.T.E Enterprises Pvt Ltd (Processing ETP)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Cox And Kings Ltd      DCC Print Vision LLP      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Henna Tex      Hindalco Industries Ltd      Hongkong Trade Development Council      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Meera Industries Ltd      Messe Frankfurt Trade Fairs India      Nestling Technologies      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sheeba Engineering Co.      Sieger Spintech Equipments Pvt Ltd      SRE Corporation      SSP Pvt Ltd      Stovec Industries Ltd      Techno Electronics And Instruments      TeFoc Accessories      Texcom Textile Solution      Texfab Engineers (I) Pvt Ltd      Trutzschler India Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd      A.T.E Enterprises Pvt Ltd (Processing ETP)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Cox And Kings Ltd      DCC Print Vision LLP      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Henna Tex      Hindalco Industries Ltd      Hongkong Trade Development Council      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Meera Industries Ltd      Messe Frankfurt Trade Fairs India      Nestling Technologies      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sheeba Engineering Co.      Sieger Spintech Equipments Pvt Ltd      SRE Corporation      SSP Pvt Ltd      Stovec Industries Ltd      Techno Electronics And Instruments      TeFoc Accessories      Texcom Textile Solution      Texfab Engineers (I) Pvt Ltd      Trutzschler India Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd