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Govt discards proposal of safeguard duty on import of acrylic fibres
12 May '09
1 min read
On April 30, Fibre2fashion had reported about the Directorate General of Safeguards (DGS), recommending to the government to impose a 20 percent safeguard duty on imports of acrylic fibre into India, to avoid a surge in shipments of the same.
Reportedly, the Standing Board on Safeguards, has overruled the suggestion of the DGS, by saying that there was not enough ground to take immediate action on imposing duty on acrylic fibres and other products like hot-rolled steel, paper and auto components.
The Standing Board has instructed the DGS to give a re-look at submissions made by all parties, including end users over the next tow months, before submitting a fresh proposal to the board for imposing safeguard duty.
Reportedly, the Standing Board on Safeguards, has overruled the suggestion of the DGS, by saying that there was not enough ground to take immediate action on imposing duty on acrylic fibres and other products like hot-rolled steel, paper and auto components.
The Standing Board has instructed the DGS to give a re-look at submissions made by all parties, including end users over the next tow months, before submitting a fresh proposal to the board for imposing safeguard duty.
Fibre2fashion News Desk - India
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