The levy of anti-dumping duty (ADD) on viscose spun yarn imported from China, Vietnam and Indonesia has been recommended by the Directorate General of Trade Remedies (DGTR).
The Indian Manmade Yarn Manufacturers Association had sought the levy as import of viscose yarn from these countries was hurting domestic manufacturers. After an investigation, the DGTR recommended the move.
Industry insiders are of the opinion if ADD were levied on viscose yarn, domestic yarn manufacturers would benefit. However, apparel exporters are of the view that recommended duty will affect viscose-based apparel production for domestic and export markets.
Similarly, it would impact weavers also as domestic viscose yarn prices were already ruling high.
M.A. Ramasamy, Chairman of Powerloom Development and Export Promotion Council, said the Council would write to the Centre against the proposed levy.
There were several technical textile products that were viscose-based and their production would be affected. The duty would impact the Centre’s production-linked incentive scheme.
Also, prices of viscose fabric would rise. There is also a threat of increase in import of viscose-based garments and madeups.
