Comments
The Directorate General of Safeguards has initiated safeguard duty probe on imports of bare elastomeric filament yarn, commonly known as spandex.
Spandex or elastane is used in various applications such as denim jeans, sportswear, T-shirts, suitings, socks and other garments.
The petition seeking safeguard duty imposition on spandex imports was filed by Indorama Industries, who claimed to be the sole producer of bare elastomeric filament yarn in the country.
Indorama industries had sought imposition of safeguard duty for a period of three years. The company has also made a case for imposition of provisional safeguard duty.
Bare elastomeric filament yarn is imported into India from a number of countries and primarily from Vietnam, South Korea, China, Singapore, Taiwan and Thailand.
Srivats.kr@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.