Having examined the contentions of various interested parties and on the basis of the facts, circumstances, and analysis, the DGAD concluded that ‘Net Sales Realization’ achieved by Domestic Industry for the subject goods continues to be consistently higher than the landed value of imports of subject goods over the injury period and the period of investigation.
“Though the dumping margin and injury margin computed for the domestic industry during period of investigation is significant, the trend in price parameters do not conclusively establish that adverse impact on domestic industry’s profitability performance has been due to dumped imports,” DGAD said in its final findings in its anti-dumping duty investigation on the imports of belting fabric originating in or exported from China.
“Since the injury lowered return on capital employed and profitability of domestic industry cannot be conclusively attributed to dumping of subject goods from the subject country, the Authority terminates the investigation under Rule 14 (b) of Anti-Dumping Rules and does not recommend levy of any anti-dumping measure,” the DGAD notification said.
Under the multilateral regime of WTO, member countries can impose anti-dumping duties if their investigation concludes that domestic industries have been hurt because of a surge in cheap imports. Such duties are aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with respect to foreign producers and exporters. (RKS)
Fibre2Fashion News Desk – India
| On 23rd Jun 2021
The Bangladesh Garment Manufacturers and Exporters Association...
| On 23rd Jun 2021
US’ clothing firm PVH Corp has entered into a definitive agreement to ...
Italian fashion companies Prada Group and Ermenegildo Zegna Group...
Blockchain is not a silver bullet for each and every problem in supply...
India-EU FTA will provide EU with better access to a huge & rapidly...
Donating 20,000 N95 masks to hospitals & NGOs
With the support of the first investors - Finland's Technical Research...
It manufactures and retails menswear garments in India under the brand...
Mumbai-based Forsarees is a socially driven business enterprise, working...
University of Rhode Island
Assistant professor Daniel Roxbury and former URI graduate student...
Loomia designs and manufactures soft circuit systems that can be produced...
Garware Technical Fibres
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.