Home / Knowledge / News / Textiles / Extension of anti dumping duty on raw silk
Extension of anti dumping duty on raw silk
07
Jan '08
The Central Government had imposed an anti dumping duty on mulberry raw silk imports from China, on July 10, 2003 for a period of 5 years. This has come up for a review, and is now extended till the end of this year.

The Centre had fixed a basic price of US $27.98 a kilogram for importing of mulberry raw silk. Anti dumping duty was supposed to be imposed on the difference in the import value and the base price. The Central silk board and other states which have substantial silk farming like Karnataka, Tamilnadu and West Bengal, have urged the Government to reimpose the anti dumping duty by another 5 years in the interests of the silk farmers of the country.

Regardless of the anti dumping duty, imports have surged ahead. It was more than double in the first quarter of this financial year though they fell in the last year. In arriving at the decision taken by the Centre in 2003, it was found that imports were higher than the consumption in India and import prices were also much lower than quoted in the Indian market. This led to a closure of a lot of silk units as they could not match the import prices.

China has been urging the Indian Government to lift the anti dumping duty since a long time as India is the biggest market for silk for the country accounting for nearly 30 percent of its silk exports.


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X