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Spandex yarn imports face anti-dumping probe
09
Feb '16
India has started a probe into the alleged dumping of spandex yarn by Chinese, South Korean, Taiwanese and Vietnamese firms.

Spandex yarn is used in the manufacturing of hosiery, swimsuits, and diapers.

The Directorate General of Anti-Dumping and Allied Duties (DGAD) started the investigation in the imports after a complaint by Indorama Industries which sought imposition of anti-dumping duty on the alleged cheap shipments, according to an agency report.

The DGAD said in a notification that prima facie sufficient evidence of dumping of the product originating or exported from China, South Korea, Taiwan and Vietnam exists to justify the anti-dumping probe.

"...The Authority (DGAD) hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry... To determine the existence, degree and effect of alleged dumping and to recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the 'injury' to the domestic industry," it said.

'Elastomeric Filament Yarn' is commonly referred to as Spandex or Elastane. Spandex yarn is mainly used to make garments that require great comfort and fit. It find applications in manufacturing of hosiery, swimsuits, aerobic or exercise wear, ski pants, golf jackets, disposable diaper and waist bands, among others.

Countries initiate an anti-dumping probe to determine whether their domestic industries have been hurt because of surge in cheap import of any product. As a counter measure, they impose duties under the multilateral regime of the WTO. (SH)

Fibre2Fashion News Desk – India


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