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The Finance Ministry has imposed definitive anti-dumping duty on 'Elastomeric Filament Yarn' imports from China, South Korea, Taiwan and Vietnam.
Such filament yarns are commonly referred to as Spandex or Elastane.
Based on the recommendations of the Designated Authority in the commerce ministry, the revenue department has imposed anti-dumping duty that ranged from 'Nil' rate to $ 3.34 per kilogram depending on the producer and the country of export.
The petition to levy anti-dumping duty on 'Elastomeric Filament Yarn' from these four countries was filed by Indorama Industry Ltd.
Elastomeric Filament Yarns find applications in manufacturing of hosiery, swimsuits, aerobic or exercise wear, golf jackets, disposable diaper and waist bands among other garments.
Srivats.kr@thehindu.co.in
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