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India imposes duty on jute from Nepal & Bangladesh
06
Jan '17
Government of India has imposed anti-dumping duty on jute imported from Nepal and Bangladesh as these imports are undercutting and suppressing the prices of the domestic industry. The duty has been imposed in the bracket of $6.30 to $351.72 per tonne on all forms and specifications of jute yarn/twine, jute sacking bags and hessian fabric for five years.

“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


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