Home / Knowledge / News / Textiles / Pakistan imposes duty on Indian fine cotton yarn
Pakistan imposes duty on Indian fine cotton yarn
19
Jan '17
A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a kilogram has been imposed on Indian fine cotton yarn entering Pakistan. The duty will apply on the import of cotton having 55.5 or more counts originating or imported from India, for a period of four months effective from January 18, 2017, the National Tariff Commission (NTC) said.
 
The NTC, under ministry of commerce, Government of Pakistan, has opened an investigation in April last year under the Countervailing Duties Act of 2015, on the basis of a complaint filed by the All Pakistan Textile Mills Association (APTMA).
 
For investigation, three Indian fine cotton yarn (carded or combed) manufacturers were examined for determining subsidies on the basis of the information provided by them and the Indian government. The investigation concluded that subsidised imports had hurt the domestic industry as they suppressed domestic prices.
 
“Subsidised imports of the investigated product (fine yarn) adversely affected market share, sales, profits and profitability, cash flows, inventories return on investment and ability to raise capital of the domestic industry,” NTC said.
 
Imports from the three Indian exporters who were investigated by the NTC will attract duty of Rs 26.89, Rs 50.81 and Rs 48.10 per kg, while all other imports of fine cotton yarn will have to pay a duty of Rs 55.8 per kg.
 
However, fine cotton yarn imported from countries other than India and cotton yarn with less than 55.5 counts would not be subject to the provisional countervailing duty, NTC said. Duty would also not be levied on products that are to be used as inputs in products destined solely for exports. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Moments of EPA signing in Tokyo. Courtesy: Twitter handle of Jean-Claude Juncker

Textiles | On 18th Jul 2018

EU and Japan sign Economic Partnership Agreement

European Union and Japan have signed an Economic Partnership...

Courtesy: Tego

Apparel/Garments | On 18th Jul 2018

Tego plans to expand product range in 2018-19

Tego, a company that creates premium athletic gear for modern...

Courtesy: rawpixel.com from Pexels

Textiles | On 18th Jul 2018

Hike in import duty on textile-apparel by India beneficial

The Indian Government’s decision to raise import duty on textile and...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

John Kelley

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Wendell Rodricks
Wendell Rodricks

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

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


July 2018

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

news category


Related Categories:

Advanced Search