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India imposes duty on Chinese & Thai polyester yarn import
23
Oct '15
Pursuant to the recommendations of the Directorate General of Anti-dumping and Allied Duties, the Government of India has imposed anti-dumping duty on import of various polyester yarn from China and Thailand for a period of five years, effective from 21 October, 2015.
 
Definitive anti-dumping duty has been levied on imports of “All fully drawn or fully oriented yarn/spin drawn yarn/flat yarn of polyester (non-textured and non-POY)”, falling under heading 5402 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People’s Republic of China and Thailand for a period of five years, says notification No. 51/2015-Customs (ADD), issued by the Department of Revenue, Ministry of Finance.
 
The ant-dumping duty applicable on imports from Jiangsu Hengli Chemical Fibre Co. Ltd. would be $256 per ton, while it would be $547 per ton for the specified yarn imported from any other Chinese company.
 
Likewise, the duty on imports from Indorama Polyester Industries Public Company Limited (formerly Indo Poly (Thailand) Ltd.) would be $57.78 per ton, while it would be $248.63 for import of specified yarn from all other Thai companies.
 
After a review in the matter of continuation of anti-dumping duty on imports of all fully drawn or fully oriented yarn/spin draw yarn/flat yarn of polyester (non-textured and non-POY) originating in or exported from China and Thailand imposed from 11 November 2009, the Central Government had extended the duty on the subject goods, upto and inclusive of 25 March, 2015, vide notification No. 18/2014-Customs (ADD), dated 9 May, 2014.
 
Subsequently, the designated authority in its final findings, published vide notification No. 15/3/2014-DGAD, dated 22 September, 2015, concluded that dumping and consequent injury to the domestic industry is likely to continue or reoccur in the event of cessation of anti-dumping duty on imports of subject goods from the subject countries and had recommended imposition of the anti-dumping duty on the subject goods, originating in or exported from the subject countries. (RKS)
 

Fibre2Fashion News Desk – India

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