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Anti-dumping duty on PTA to hit Surat’s MMF sector badly

India’s largest man-made fabric (MMF) hub in Surat would be adversely affected by the finance ministry’s decision to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia. Industry says the anti-dumping duty on PTA imports from foreign countries will create a monopoly of big spinning houses and small and medium-scale spinners in Surat and Mumbai will have to suffer. This will further escalate yarn prices by Rs 3 to Rs 5 per kg in the domestic market thereby increasing the final cost of the polyester fabric manufactured in Surat.

As per government notification, the PTA imports from China, Iran, Taiwan, Indonesia and Malaysia will attract duty ranging from $85.67 per ton to $168.76 per ton. The high import duty will prevent small spinners in Surat and other places in the country from importing PTA, main raw material for manufacturing of yarn. PTA, a white, free flowing crystalline powder, is the primary raw material for the manufacture of polyester chips, which in turn is used in a number of applications in textiles, packaging, furnishings, consumer goods, resins and coatings.

Surat Art Silk Cloth Manufacturers' Association (SASCMA) secretary Dinesh Zaveri sounded a word of caution when he said that there was an urgent need for anti-dumping duty on fabrics and not PTA imported from China and other foreign countries.

 
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