India imposes duty on jute from Nepal & Bangladesh

“The performance of the domestic industry has deteriorated in terms of profitability returns on investments and cash flow. Injury to domestic industry has been caused by dumped imports,” said a revenue department notification.

Local players had complained about the imports of jute products and a probe was initiated on the same by the Directorate General of Anti-Dumping and Allied Duties (DGAD) in 2015.

The duty has been imposed on the aforementioned products from Nepal and Bangladesh by the revenue department after considering the final findings of the DGAD. (KD)

Click here to read the notification by the revenue department.

Fibre2Fashion News Desk – India