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Wednesday, 02 June 2021 13:19

US Customs and Border protection to collect antidumping duties from yarn importers

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US’ Customs and Border Protection department plans to collect antidumping duties in the amount equal to cash deposit rates for imports from Indonesia, Malaysia, Thailand and Vietnam. The US Department of Commerce has accused these countries of unfairly selling imports of polyester textured yarn below the fair value in the US at margins ranging from 2.67 percent to 56.08 percent.

The department has directed importers to post duty deposits at AD rates on the date the preliminary determinations are published in the Federal Register. These deposits will be collected until the Commerce Department and US International Trade Commission (USITC) conclude their investigations later this year. At that time, the duties could change, reports Sourcing Journal. Imports of polyester textured yarn from China and India are currently subject to significant double- and triple-digit AD and countervailing duties as a result of prior investigations that concluded in January 2020.

Two major US synthetic yarn producers – Unifi Manufacturing and Nan Ya Plastics Corporation America – filed petitions with the Commerce Department and the USITC in October alleging dumped imports of polyester textured yarn from Indonesia, Malaysia, Thailand and Vietnam were causing material injury to the domestic industry.

The Commerce Department initiated the investigations in November and the USITC preliminarily determined in December that imports from the four countries were causing injury to the U.S. domestic industry.