Anti-dumping duty on yarn imports extended (India)

The Central Government has extended the anti-dumping duty on different types of yarn imported from Indonesia, Korea, Malaysia and Taiwan for another six months.

“It shall remain in force up to and inclusive of the August 20, 2012, unless the notification is revoked earlier,”the Department of Revenue said in a notification.

The anti-dumping duty on fully-drawn yarn or fully-oriented yarn or spin-drawn yarn or flat yarn of polyester was earlier imposed in February 2007.

It was found by the Directorate-General of Anti-Dumping and Allied Duties (DGAD) that cheap imports of yarn from these nations were causing injury to the domestic industry.

Now, the time-limit for the levy had been extended as the DGAD had requested for the same for up to one more year.

These yarns are used for weaving and knitting into fabrics.

After investigation, the DGAD recommends the imposition of the duty while the Department of Revenue imposes it.