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The Finance Ministry has extended by one year the validity of existing anti-dumping duty on partially oriented yarn (POY) imports from China. The anti-dumping duty of $542.22 per tonne —imposed on May 2, 2012 — was valid till May 2 this year and now would be applicable till May 1 next year. The latest Revenue Department move follows the designated authority in the Commerce Ministry initiating a sunset review investigation of anti-dumping duty on POY imports from China. It has come in 10 days after the sunset review investigation was initiated. Reliance Industries had filed the request for sunset review. It was supported by Indo Rama Synthetics (India) Ltd, JBF Industries Ltd, Garden Silk Mills Ltd and Alok Industries Ltd.
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