Home / Knowledge / News / Textiles / Anti-dumping duty imposed on variants of PFY
Anti-dumping duty imposed on variants of PFY
28
Mar '09
Ina notification released by the Department of Central Excise and Customs, Ministry of Finance, the government of India has imposed an anti- dumping duty on All Fully Drawn or Fully Oriented Yarn/Spin Draw Yarn/Flat Yarn of Polyester (non-textured and non–POY) tariff item 54024700 imported from China, Thailand and Vietnam ranging between US $112 and $527 per ton effective up to September 25, 2009.

This was apparently done to protect the interest of the Indian polyester manufacturers who has complained of dumping of these products at prices lower than those prevailing in the home markets of these countries. Earlier, the Directorate General of Anti-Dumping and Allied Duties, had initiated a anti-dumping probe by suggesting that Indian industry was affected caused due to imports" from China, Thailand and Vietnam at low prices.

When the proposal for imposing anti-dumping duty was initiated by the government, the Surat textile industry, which has the largest consumption of this product in the country, had protested against the decision. Mr Jariwala, Chairman of Federation of Indian Art Silk Weaving Industry (FIASWI) had then told fibre2fashion that, “There is already an anti-dumping duty on existing POY imports. Full drawn Polyester yarn (Filament / Silk Yarn) is manufactured in finer denier”,

He had added by saying, “And now as summer approaches, demand for this fabric will increase. Looking to that, if anti-dumping duty is imposed on yarn, indigenous yarn manufacturers will raise prices, which would result in high cost of yarn and low cost of finished product which will ultimately result in rise in import of the finer denier fabric, to the detriment of the Surat weaving industry”.

Earlier in the month, the Commerce Ministry in India, following the completion of a preliminary enquiry had concluded and recommended imposition of provisional anti-dumping duty on import of Flax fabrics from China and Hong Kong. This decision was taken on a petition filed by Indian manufacturers of Flax fabrics, which included Jayshree Textiles and other manufacturers across India.


Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search