Home / Knowledge / News / Textiles / India not to impose dumping duty on Chinese belting fabric
India not to impose dumping duty on Chinese belting fabric
07
Jul '18
Courtesy: FOX from Pexels
Courtesy: FOX from Pexels
The Directorate General of Anti-dumping and Allied Duties (DGAD), under the ministry of commerce, Government of India, has decided against levying any anti-dumping duty on belting fabric from China. Belting fabric is used for manufacturing of conveyor belts for industrial use. DGAD had initiated the anti-dumping probe based on a petition filed by SRF Ltd.

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


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Jun 2020

Follow civil society approach in EU textile strategy: MEPs

A group of 53 members of the European Parliament has written a letter ...

Pic: Shutterstock

Apparel/Garments | On 6th Jun 2020

Cambodia postpones indemnity pay in garment-footwear units

The Cambodian labour ministry recently announced postponing the...

Pic: Shutterstock

Textiles | On 6th Jun 2020

India-Bangladesh land-route trade resumes in West Bengal

After Indian traders agreed to create a pool of truck drivers, who...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Industry could be looking at 10%-15% job losses

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Textile Industry, Head honchos

Textile Industry
Head honchos

Cooperate and collaborate for greater good

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Aditya Goyal,

Aditya Goyal

Headquartered in Surat, Anubha Industries is a specialist for sustainable...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search