Home / Knowledge / News / Textiles / US announces CVD on fine denier PSF from China, India
US announces CVD on fine denier PSF from China, India
03
Nov '17
The US department of commerce has announced affirmative preliminary determinations in the countervailing duty (CVD) investigations, finding that exporters of fine denier polyester staple fibre (PSF) from the People’s Republic of China (China) and India received countervailable subsidies of 41.73 to 47.64 per cent and 7.18 to 9.86 per cent, respectively.

The commerce department will instruct US customs and border protection to collect cash deposits from importers of fine denier polyester staple fabric from China and India based on these preliminary rates, secretary of commerce Wilbur Ross announced.

The investigation is being carried out in response to petition made by DAK Americas LLC (NC), Nan Ya Plastics Corporation, America (SC), and Auriga Polymers Inc. (NC).

Last year, the US imports of fine denier polyester staple fibre from China and India were valued at an estimated $79.4 million and $14.8 million, respectively.

“Unless the final determinations are aligned with the concurrent anti-dumping (AD) investigations, the department of commerce is currently scheduled to announce its final CVD determinations on January 16, 2018,” a statement said.

“If the commerce department makes affirmative final determinations of subsidisation and the US International Trade Commission (ITC) makes affirmative final injury determinations, the department will issue CVD orders. If the department makes negative final determinations of subsidisation or the ITC makes negative final determinations of injury, the investigations will be terminated, and no order will be issued,” it added.

Meanwhile, in a separate announcement Kelley Drye & Warren LLP has announced the preliminary CVD rates by company. For fine denier PSF imports from China, the preliminary CVD rate will range from 41.73 per cent to 47.64 per cent. The lowest rate of 41.73 per cent would be applicable for import from Jiangyin Hailun Chemical Fiber Co. Ltd, while import from Jiangying Huahong Chemical Fiber Co. Ltd. would attract the highest slab of 47.64 per cent. CVD on imports from all other Chinese producers and exporters would be 44.69 per cent, US based Synthetic Yarn and Fabric Association said.

Likewise, the CVD preliminary rate of Kelley Drye & Warren for fine denier PSF imports from India would be between 7.18 per cent and 9.86 per cent. While import from Bombay Dyeing & Mfg. Co. Ltd. would entail CVD of 7.18 per cent, CVD on import from Reliance Industries Limited would be 9.86 per cent. Import from all other Indian companies would attract 9.37 per cent CVD. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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