India imposes duty on NFY from Vietnam, EU

India imposes duty on NFY from Vietnam, EU

The Indian government has imposed an anti-dumping duty ranging between $128.06 per tonne and $719.44 per tonne for five years on import of nylon filament yarn from Vietnam and the European Union.

The Indian government has imposed an anti-dumping duty ranging between $128.06 per tonne and $719.44 per tonne for five years on import of nylon filament yarn from Vietnam and the European Union. The duty has been imposed following recommendations by the Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry.
In its probe, DGTR has stated that nylon filament yarn (multi filament) has been exported to India from the EU and Vietnam below normal values, and the domestic industry has suffered material injury on account of such dumped imports.
“The anti-dumping duty imposed shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the October 6, 2018 and shall be paid in Indian currency,” the department of revenue said in a notification.
India’s import of nylon filament yarn from the EU and Vietnam had increased from 7,201 tonnes in 2013-14 to 13,799 tonnes during October 2015-March 2017, which was the period of investigation. The investigation was carried out following a joint petition filed by JCT, AYM Syntex, Prafful Overseas, Gujarat Polyfilms, and Gujarat State Fertilizers and Chemicals.
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