Union govt slaps anti-dumping duty on jute goods from Bangladesh, Nepal

Duty in the range of $8 to $350 a tonne will be in force for five years, payable in rupees

In a protectionist measure, the government has imposed anti-dumping duty on jute products imported into the country from Bangladesh and Nepal.

The duty, ranging from $8 to $350 per tonne, would apply to varying categories of jute goods originating in Bangladesh and Nepal and dumped into India.
 

The anti-dumping duty has been notified by the central finance ministry on January 5, 2017, as dumping of jute goods was suppressing the prices in the domestic industry. Due to dumping, the performance of the domestic jute industry had deteriorated in terms of profitability returns on investments and cash flow. 

According to the