India Imposes Antidumping Duty on Chinese Polyester
NEW DELHI: In a move expected to boost domestic polyester manufacturers, India has imposed antidumping duty on the partially-oriented yarn (POY) imports from China. India, which was faced with excessive imports of POY from China below the normal value, has decided to impose an anti-dumping duty of $545.22 (about Rs 22,000) per metric ton.This was the final finding of the authority. DGAD had in August last year recommended imposition of antidumping duty on a provisional basis to CBEC, after conducting a preliminary enquiry.
The duty would be levied in the Indian currency and has come into effect from August 2, according to a Central Board of Excise and Customs (CBEC) notification. The levy of anti-dumping duty would help the domestic manufacturers of POY, including RIL and Indo-Rama.
The director general of antidumping and allied duties, (DGAD) which had conducted an investigation into the dumping charges by the domestic industry had recommended levy of anti-dumping duty. The authority had concluded that the domestic industry had suffered "material injury" by dumping of POY from China.