According to a notification, the commerce ministry’s investigation arm, DGTR, has proposed imposing a five-year anti-dumping tax on polyester yarn from China, Indonesia, and Vietnam, which is used to make fabric for clothes and home furnishings.
The measure is intended to protect domestic businesses in the sector from low-cost imports from these nations.
The Directorate General of Trade Remedies (DGTR) proposed the tax after finishing its investigation that imports of the yarn from these nations were exported at subsidised rates in India, affecting the indigenous sector.
The directorate has recommended imposition of anti-dumping duty on all imports of goods originating in or exported from China, Indonesia and Vietnam for a period of five years. The finance ministry takes the final call to impose these duties. The DGTR conducted the probe following a complaint by domestic players. It is an investigative arm of the commerce ministry, which probes dumping of goods, a significant increase in imports and subsidies.
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