The Finance Ministry has imposed definitive anti-dumping duty on certain High Tenacity Polyester Yarns (HTPY) imports from China.
This move from revenue department came in little over a month after the authority, in its final findings recommended imposition of definitive anti-dumping duty on certain HTPY imports from China.
Reliance Industries Ltd and SRF Ltd had filed the petition seeking anti-dumping probe on this.
The anti-dumping duty, which will be valid for five years, ranged from ‘Nil’ to $ 528 per tonne depending on the HTPY producer.
HTPY is used in manufacturing of wide variety of products like - tyre cord fabric, seat belt webbing, Geo grids, geo strips, slings, ropes, single cord, coated fabric, conveyor belt fabric, rubberised hose, fire hose and automotive hose.
Published on July 10, 2018
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