![]() Financial Daily from THE HINDU group of publications Friday, Jun 17, 2005 |
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Industry & Economy
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Anti-dumping Dumping duty mooted on Chinese woven fabrics Our Bureau
New Delhi , June 16 THE Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on imported narrow woven fabrics from China and Chinese Taipei. Narrow woven fabric having pile weave, made up of manmade fibres, is used as a fastening tape and is produced in sizes typically varying between 12 mm and 125 mm in width. Major uses of the subject goods are in industries such as garments, surgical manufacturing, luggage/bags manufacturing, toys, automobile upholstery, and various other industrial segments. In its final findings, notified recently, the authority said that it had received a written complaint from Sky Industries Ltd, Mumbai on behalf of domestic industry representing a major proportion of the domestic production of the subject goods. A preliminary investigation led to recommendation of provisional duty order on January 1, 2005 and the investigation of dumping and injury covered is for the period from January 1, 2003 to December 31, 2003. Its final investigation has revealed that the subject goods have been exported to India from the subject countries below their normal value, as a result of which domestic industry suffered material injury and the injury has been caused cumulatively by the dumped imports from the subject countries. Accordingly, the anti-dumping duty in the case of firms exporting from Chinese Taipei is the difference between $7.61 per kg and the landed value of imports per kg. In the case of firms from China, the anti-dumping duty recommended is the difference between $8.02 and the landed value of imports per kg. The authority also said that the share of subject countries in domestic consumption, which was 0.3 per cent in 2000-01, increased to 33 per cent of the demand during the period of investigation.
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