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The revenue department has extended anti-dumping duty on import of certain Chinese products, used in garment, footwear and toy manufacturing, for another five years.
The anti-dumping duty on “narrow woven fabrics hook and loop velcro tapes” will be charged at the rate of $1.87 per kilo. These products are mainly used in garment manufacturing, surgical and orthopaedic apparatus, shoes and footwear, luggage/bags, toys, automobile upholstery and other industrial segments.
The Central Board of Excise and Customs imposed the duty, based on recommendations of the Directorate General of Anti-Dumping & Allied Duties (DGAD). The DGAD made the case for continuation of the levy, after its second sunset review of the anti-dumping duty in force on the imports.
In market parlance, the product is known by various synonyms such as “hook and loop tape fasteners”, “velcro tapes”, “fastening tapes” and “fasteners”. In October 2010, the revenue department had extended the levy till October 2015. However, before expiry of the duty, Ishi Industries moved an application before the DGAD for another sunset review. DGAD initiated the review investigation in October 2015 to examine whether the expiry of the duty on the import is likely to lead to continuation or recurrence of dumping and injury to the domestic industry.
DOWN IN THE DUMPS
The anti-dumping duty on “narrow woven fabrics hook and loop velcro tapes” will be charged at the rate of $1.87 per kilo. These products are mainly used in garment manufacturing, surgical and orthopaedic apparatus, shoes and footwear, luggage/bags, toys, automobile upholstery and other industrial segments.
The Central Board of Excise and Customs imposed the duty, based on recommendations of the Directorate General of Anti-Dumping & Allied Duties (DGAD). The DGAD made the case for continuation of the levy, after its second sunset review of the anti-dumping duty in force on the imports.
In market parlance, the product is known by various synonyms such as “hook and loop tape fasteners”, “velcro tapes”, “fastening tapes” and “fasteners”. In October 2010, the revenue department had extended the levy till October 2015. However, before expiry of the duty, Ishi Industries moved an application before the DGAD for another sunset review. DGAD initiated the review investigation in October 2015 to examine whether the expiry of the duty on the import is likely to lead to continuation or recurrence of dumping and injury to the domestic industry.
DOWN IN THE DUMPS
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Revenue department has extended anti-dumping duty on import of certain Chinese products, used in garment, footwear and toy manufacturing, for another five years
- The CBEC and Customs imposed the duty, based on recommendations of the Directorate General of Anti-Dumping & Allied Duties
