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Government to impose anti-dumping duty on a Chinese polyester yarn

The government may impose anti-dumping duty of up to $528 per tonne for 5 years on a Chinese polyester yarn, used in automobile and other industries, to provide a level playing field to domestic players and guard them against below-cost imports. The decision to finally impose the duty was taken by the finance ministry. SRF and Reliance Industries had jointly filed before the DGAD for initiation of the antidumping investigation. The proposed duty ranges between $174 and $528 per tonne.

As per Directorate General of Anti-dumping and Allied Duties (DGAD), the authority recommends imposition of antidumping duty for a period of five years, to address the injury to the domestic industry. DGAD, the commerce ministry's investigation arm, in its final findings of probe has stated that that the imposition of antidumping duty is required to offset dumping and injury on the imports of 'High Tenacity Polyester Yarn' from China.

This yarn, also called as industrial yarn, is used for manufacture of tyre cord fabric, seat belt webbing, ropes, coated fabric, conveyor belt fabric and automotive hose.

 
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