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India plans anti-dumping duty on yarn imports from four nations

The Indian government may impose anti-dumping duty on imports of certain types of filament yarn from China, Korea, Taiwan and Thailand as the commerce ministry has started investigation into alleged dumping of the product following complaints from domestic players.

The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has initiated the probe as it has found "sufficient evidence" of dumping of nylon multi-filament yarn from these countries.

If the DGTR establishes that dumping is impacting domestic players, it would recommend imposition of a certain amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry. The finance ministry will take final call on imposition of the duty after considering recommendations of the directorate. Two firms, including Century Enka have filed application for imposition of anti-dumping duty on the imports. The period of investigation covers 2018-19. However, for the purpose of injury investigation, the period will also cover data for 2015-18 periods.

 
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