gateway

Monday, 23 August 2021 12:22

DGTR recommends anti-dumping duty on polyester yarn imports

Rate this item
(0 votes)
  

After concluding an investigation under the commerce ministry, India’s Directorate General of Trade Remedies (DGTR) has recommended an anti-dumping duty (ADD) on polyester yarn from China, Indonesia and Vietnam for five years. Experts believe, the move will protect domestic players against cheap imports from these countries.

The investigation was conducted after a complaint by domestic players. DGTR concluded the yarn dumped by these countries at cheap rates is affecting India’s domestic yarn industry. The authority recommended a duty in the range of $4 per ton and $281 per ton. The finance ministry will take the final call to impose these duties.

DGTR has also recommended imposition of duty on imports of aceto acetyl derivatives of aromatic or heterocyclic compounds, also known as arylides, from China. Formed in May 2018 as an integrated single window agency, the authority provides comprehensive and swift trade defense mechanism in India.

Earlier, the Directorate General of Anti-dumping and Allied Duties (DGAD) dealt with anti-dumping and CVD cases, Directorate General of Safeguards (DGS) dealt with safeguard measures and DGFT dealt with quantitative restriction (QR) safeguards. The DGTR brings DGAD, DGS and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity. DGTR now deals with Anti-dumping, CVD and Safeguard measures. It also provides trade defense support to the domestic industry and exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries.