The levy of anti-dumping duty (ADD) on imports of fully drawn or fully oriented yarn, spin drawn yarn or flat yarn of polyester, coming from China and Thailand, has been extended till 31 December 2020.
Central Board of Indirect Taxes and Customs (CBIC) issued a notification in this regard.
The duty was first imposed in October 2015, after the Directorate General of Trade Remedies (DGTR) had found that the imports were impairing local industry. The duty was then extended till 30 November.
The CBIC also added in this case the DGTR had sought for continuation of the ADD after conducting a review of the same which was initiated in April this year.
It is pertinent to mention here that time and again, various trade associations have strongly raised the issue to remove ADD on various textile products.
Recently these trade bodies urged removal of ADD on viscose fibre and addressed problems related to inverted duty structure in Man Made Fibre (MMF) segment.
As per industry estimate, India requires around 6.34 lakh tonnes of viscose fibre in FY20 and the fibre available for consumption from local capacities is 4.78 lakh tonne.
