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India may impose duty on elastomeric filament yarn
28
Mar '17
The Government of India is likely to impose anti-dumping duty on import of elastomeric filament yarn from four countries—China, South Korea, Taiwan and Vietnam—as the Directorate General of Antidumping and Allied Duties (DGAD) has concluded in its investigations that the yarn has been exported to India from these countries below its associated normal value.
 
The authority “recommends imposition of definitive anti- dumping duty… so as to remove the injury to the domestic industry,” a DGAD notification said.
 
The DGAD has recommended duty ranges between $0.15 per kg to $3.44 per kg. It is now up to the ministry of finance to impose this duty.
 
Elastomeric filament yarn is used in the manufacturing of hosiery, swimsuits, exercise wear, disposable diaper and golf jackets, among other apparel and accessories.
 
The anti-dumping duty is normally imposed for a period of five years, post which it can be extended after a review. The duty is not uniformly imposed and it varies from company to company and country to country. (RKS)

Fibre2Fashion News Desk – India


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