India corners
Chinese yarn with anti-dumping (India)
Observing the plight of polyester manufacturers, the
Ministry of Commerce and Industry has imposed anti-dumping
duty of US $545.22 or about Rs 22,000 per metric tonne on
Chinese partially-oriented yarn (POY). This has come into
effect from August 2. After conducting an inquiry related to
the allegations by the domestic manufacturers regarding
excessive imports of low-priced POY from China, the Director
General of anti-dumping and allied duties (DGAD) has come to
the conclusion that local players are suffering heavy losses
due to dumping of POY from China. The effective implementation
of anti-dumping measures by Indian Government is expected to
safeguard the interests of domestic manufacturers like RIL and
Indo-Rama.
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