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US to collect AD duties on imports of fine denier PSF
21
Dec '17
US to collect AD duties on imports of fine denier PSF
The US Customs and Border Protection will begin collecting anti-dumping (AD) duties on imports of fine denier polyester staple fibre (PSF) from China, India, Korea and Taiwan. This follows preliminary anti-dumping determinations by the US department of commerce that producers and exporters from the 4 countries are selling merchandise at less than fair value.

The amount of anti-dumping duties will be equal to the preliminary anti-dumping margins in each country, and importers will be required to post duty deposits beginning on the date of publication of US department of commerce’s determinations in the Federal Register, in approximately one week.

The preliminary anti-dumping margins on fine denier PSF imports from China would range between 63.26 per cent to 181.46 per cent. The duty applicable on import form Jiangying Huahong Chemical Fiber Co. Ltd. will be 63.26 per cent, separate rate companies will be 122.36 per cent, and all other companies including Jiangyin Hailun Chemical Fiber Co., Ltd. will be 181.46 per cent.

Likewise, fine denier PSF imports from Indian producer/exporter Bombay Dyeing & Manufacturing Co. Ltd. will attract anti-dumping duty of 21.43 per cent. Import from all other Indian companies, including Reliance Industries Ltd., will attract 2.66 per cent duty.

Similarly, fine denier PSF import from two Korean companies—Down Nara Co., Ltd. and Huvis Corporation—would attract anti-dumping duty of 45.23 per cent, while all other companies would attract duty of 35.15 per cent, with the exception of Toray Chemical Korea Inc. which will not attract any anti-dumping duty.

For fine denier PSF imports from Taiwanese producer Far Eastern Textile Ltd, the anti-dumping duty would be 48.86 per cent, while all other Taiwanese companies will attract duty of 24.43 per cent, with exception of Tainan Spinning Co. Ltd., which will not attract any anti-dumping duty.

These preliminary anti-dumping cash deposit rates for China and India will be applied to fine denier PSF imports from these two countries in addition to the preliminary countervailing duty (CVD) rates calculated for Chinese and Indian subsidised producers/exporters. The affirmative CVD determinations were announced by the US department of commerce on October 31, 2017, and those CVD rates are in effect since November 6, 2017.

“We are pleased with the overall strong anti-dumping duty determinations in each of these four cases. The margins support what the domestic fine denier PSF industry has experienced for years – the growing presence of dumped merchandise from China, India, Korea, and Taiwan in the U.S. market,” said Paul Rosenthal, of Kelley Drye & Warren LLP, counsel to the petitioning US producers, namely DAK Americas LLC, Nan Ya Plastics Corporation, America, and Auriga Polymers Inc. (RKS)

Fibre2Fashion News Desk – India


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