India may continue with anti-dumping duty on Nylon Tyre Cord Fabrics from China, caustic soda from China, South Korea


NEW DELHI: India may continue to impose anti-dumping duty on imports of Nylon Tyre Cord Fabric originating in or exported from China for five years. The Directorate General of Trade Remedies (DGTR) on Friday recommended duty of $520- 1100 per MT on the product for five years. The government may also continue to levy anti-dumping duty on imports of caustic soda from China and South Korea for five years at $21.9- 48.39 per dry Metric Ton.

In a notification on its sunset review investigation concerning anti-dumping duty on imports of ‘Nylon Tyre Cord Fabric’ originating in or exported from China based on an application filed by the Association of Synthetic Fibre Industry on behalf of its members, SRF Ltd and Century Enka Ltd, DGTR said: “Having concluded that there is likelihood of continuation/ recurrence of dumping and injury if the existing anti-dumping duties are allowed to cease, the Authority is of the view that continuation of duty is required”.

Nylon Tyre Cord Fabrics are used in tyres to give them strength and durability.

The existing anti-dumping duties are in place till December 11, 2020.

The association had alleged the likelihood of continuation or recurrence of dumping of the goods.

In a separate notification, the DGTR recommended the continuation of anti-dumping duty on imports of ‘Caustic Soda’ originating in or exported from China and South Korea RP based on an application through TPM Consultants, from Alkali Manufacturers Association of India.

As per the notification, the request for continuation of anti-dumping duty has been supported by DCM Shriram Limited, Gujarat Fluorochemicals Limited, Lords Chloro Alkali Limited, Nirma Limited, Orient Paper Mills, Punjab Alkalies & Chemicals Limited, Reliance Industries Limited, TATA Chemicals Limited, TGV SRAAC Limited, The Andhra Sugars Limited and The Travancore – Cochin Chemicals Limited.

READ  Satellite photos show work on North Korean site linked to long-range missiles

DGTR, under the commerce and industry ministry, recommends the duties while the final call to impose them is taken by the finance ministry.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here