Home / Knowledge / News / Textiles / US announces CVD on fine denier PSF from China, India
US announces CVD on fine denier PSF from China, India
03
Nov '17
The US department of commerce has announced affirmative preliminary determinations in the countervailing duty (CVD) investigations, finding that exporters of fine denier polyester staple fibre (PSF) from the People’s Republic of China (China) and India received countervailable subsidies of 41.73 to 47.64 per cent and 7.18 to 9.86 per cent, respectively.

The commerce department will instruct US customs and border protection to collect cash deposits from importers of fine denier polyester staple fabric from China and India based on these preliminary rates, secretary of commerce Wilbur Ross announced.

The investigation is being carried out in response to petition made by DAK Americas LLC (NC), Nan Ya Plastics Corporation, America (SC), and Auriga Polymers Inc. (NC).

Last year, the US imports of fine denier polyester staple fibre from China and India were valued at an estimated $79.4 million and $14.8 million, respectively.

“Unless the final determinations are aligned with the concurrent anti-dumping (AD) investigations, the department of commerce is currently scheduled to announce its final CVD determinations on January 16, 2018,” a statement said.

“If the commerce department makes affirmative final determinations of subsidisation and the US International Trade Commission (ITC) makes affirmative final injury determinations, the department will issue CVD orders. If the department makes negative final determinations of subsidisation or the ITC makes negative final determinations of injury, the investigations will be terminated, and no order will be issued,” it added.

Meanwhile, in a separate announcement Kelley Drye & Warren LLP has announced the preliminary CVD rates by company. For fine denier PSF imports from China, the preliminary CVD rate will range from 41.73 per cent to 47.64 per cent. The lowest rate of 41.73 per cent would be applicable for import from Jiangyin Hailun Chemical Fiber Co. Ltd, while import from Jiangying Huahong Chemical Fiber Co. Ltd. would attract the highest slab of 47.64 per cent. CVD on imports from all other Chinese producers and exporters would be 44.69 per cent, US based Synthetic Yarn and Fabric Association said.

Likewise, the CVD preliminary rate of Kelley Drye & Warren for fine denier PSF imports from India would be between 7.18 per cent and 9.86 per cent. While import from Bombay Dyeing & Mfg. Co. Ltd. would entail CVD of 7.18 per cent, CVD on import from Reliance Industries Limited would be 9.86 per cent. Import from all other Indian companies would attract 9.37 per cent CVD. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


August 2018

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

news category


Related Categories:

Advanced Search