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India initiates probe into alleged dumping of VSY

17
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Indian commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) recently initiated a probe into alleged dumping of viscose rayon spun yarn (VSY) by companies based in China, Indonesia and Vietnam following an application filed by the Indian Manmade Yarn Manufacturers Association on behalf of the domestic industry requesting the government to impose anti-dumping duty on these yarn imports.

The association has alleged that dumped imports from these countries are causing material injury to the domestic industry.

The DGTR notification said that on the basis of the prima facie evidence submitted by the association, the authority initiated the investigation. DGTR will determine the existence, degree and effect of any alleged dumping.

If it is established that the dumping has impacted domestic industry, the directorate would recommend imposition of the duty. The finance ministry will take the final decision.

The period of investigation is April to December 2019. It would also look at 2016-19 data.

Yarn is mainly used for weaving or knitting for production of fabric for eventual use in garments.

Fibre2Fashion News Desk (DS)


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