India initiates sunset review of Chinese & Thai poly yarn

"The product under consideration, as in the original investigation and the first Sunset Review, is fully drawn/ fully oriented yarn/ spin drawn yarn/ flat yam of polyester (nontextured and non-POY) and other yams conforming to the tariff description of Customs Heading 5402.47. The product in market parlance is generally known as 'Fully Drawn Yam' or FDY. Technical specifications of the subject goods are defined in terms of their deniers, tenacities, lustres, colours (like semi dull, bright, super bright, full dull, Dope dyed), cross section and shrinkage," directorate general of trade remedies, department of commerce, said in a recent notification.

The original anti-dumping investigation concerning imports of the subject goods from China and Thailand was initiated in May 2008, and anti-dumping duties were imposed next year. Subsequently, a Sunset Review investigation was initiated in 2014, and extension of anti-dumping duties was imposed in October 2015. The current anti-dumping duty is valid up to October 20, 2020.

For the second Sunset Review, which is carried out at the expiry of five years from the date on which the duty was imposed, the period of investigation is from January 1, 2019 to December 31, 2019. The injury investigation periods will be from April 1, 2016 till December 31, 2019.

Submissions relevant to the investigation in the prescribed form and manner has to be done before June 14, 2020 to the designated authority, directorate general of trade remedies, under the ministry of commerce and industry.

Fibre2Fashion News Desk (RKS)