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India may extend ADD on polyester fabric imported from PRC

27
Nov '20
Pic: Shutterstock
Pic: Shutterstock
India may continue to levy anti-dumping duty (ADD) on all fully-drawn or fully-oriented yarn, spin-drawn yarn and flat yarn (FDY) of polyester imported from China for five years but could end the duty on the product from Thailand. The commerce and industry ministry recommended a duty of $547/MT on FDY from China based on an application led by the Association of Synthetic Fibre Industry.

FDY is used in making shoe upper fabrics, luggage/bag and curtain fabrics.

“Having concluded that there is likelihood of continuation/ recurrence of dumping and injury if the existing ADD against imports from China are allowed to cease, the authority is of the view that continuation of ADD is required on the imports of the product under consideration from China,” Directorate General of Trade Remedies (DGTR) said in a notification.

“However, continuation of ADD is not recommended on the imports of the product from Thailand,” it said.

While DGTR recommends the levy of such duties, their imposition is decided by the finance ministry, which had last month extended the ADD on the import of the product up to November 30 this year.

Fibre2Fashion News Desk (DS)


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