The Commerce Investigation Division (DGTR) has recommended imposing anti-dumping tariffs on polyester yarn originating from China, Indonesia and Vietnam. This recommendation is for five years. The move aims to protect domestic companies from cheap imports from these countries. Let us tell you that this thread is used for making clothes and household goods.
Recommendation after investigation: The Directorate General of Trade Remedies (DGTR) has recommended this duty following its investigation. The yarn is being imported from these countries at a very low price, which has affected the domestic industry, DGTR said. “For this reason, the Authority recommends to the Central Government to impose anti-dumping tariffs on all imports exported by China, Indonesia and Vietnam for a period of five years from the date of notification,” the Directorate said. ”
Under this, tariffs of $ 4 to $ 281 per ton are recommended. The Ministry of Finance will make the final decision in this regard. The DGTR has conducted the inquiry after receiving complaints from domestic companies in this connection.
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Let us tell you that for some time the government has been pushing for a self-sufficient India campaign. Under this campaign, the government wants to increase trade within the country by reducing imports.