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Govt re-imposes antidumping duty on nylon cord fabric from China
10
Apr '09
The Ministry of Finance, India has finalized the imposition of anti-dumping duty on nylon cord fabric (Code-59021000) imported from China on March 31, 2009 after the sunset review initiated in September 2008.

India had conducted an investigation in to allegations of dumping of nylon cord fabric imported from China in October 2003 and recommended imposition of anti-dumping duty in March 2005, which again came up for review in September 2008.

The Ministry of Finance has imposed an anti-dumping duty of US $1.24 per kg on exports done particularly by Ningbo Jinlun Import & Export Company Ltd, China and $1.76 from any other country including from China.

India is also likely to impose safeguard duty, an emergency import duty, on about 12 other products originating from China. "The government will initiate safeguard duty investigations on about 12 to 13 products belonging to chemicals and base metals sector.

Fibre2fashion News Desk - India


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