Home / Knowledge / News / Textiles / Anti-dumping duty on silk bad economics – experts
Anti-dumping duty on silk bad economics – experts
21
Nov '09
Silk imports from China, whether as raw silk, yarn or fabrics is on the rise, despite the fact that anti-dumping duty has been imposed on imports of a few categories of silk from China, which is raising the hackles of the domestic silk industry.

Imports of silk products which stood at Rs 15.97 billion in 2007-08, shot up to Rs 17.13 billion in 2008-09, of which value of raw silk shipments rose from Rs 7.34 billion to Rs 9.0 billion in the periods under consideration.

When considering in terms of volumes, raw silk imports grew to 8,369 tons in 2008-09 from 7,922 tons in the previous fiscal year of which 8,297 tons was imported from China, up from 7,840 tons in 2007-08.

The Centre had imposed an anti-dumping duty on Chinese raw silk for five years, from 2003 to 2008, to protect the interests of sericulture farmers and weavers and US $27 per kg was considered as the landing price to impose the anti-dumping duty.

The Central Silk Board (CSB) and other stakeholders intervened and requested the government to increase the slab of landing price to $37 per kg. The government has also extended the term of the anti-dumping for five years from 2009.

But experts from the silk sector have termed the decision of the government as bad economics as prices of raw silk and its products have risen abnormally in the last few years since the antidumping duty was imposed, leading to closures of various silk manufacturing units.

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search