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DGAD recommends anti-dumping duty on acrylic yarn from Italy
PTI - New Delhi

The Designate Anti-dumping Authority has recommended final duties against imports of acrylic fibre (below 1.5 denier) being imported from Italy.

The Directorate General of Anti-dumping and Allied Duties (DGAD) under the commerce ministry has, in its final findings recommended imposition of a duty of US$ 0.32 per kg on all imports by Italian company Montefibre and US$ 0.41 per kg on all other exporters and producers from Italy.

The authority, in its findings, concluded that “Acrylic fibre below 1.5 denier has been exported to India from Italy below its normal value. The Indian industry has suffered injury and the injury has been caused by the dumped imports from Italy”. The DGAD said imposition of the anti-dumping duty would not adversely affect the consumers and users of acrylic fibre in India in the long run.

“On the contrary, imposition of anti-dumping measures would remove the unfair advantages gained by dumping practices, would prevent the decline of the domestic industry and help maintain availability of wider choice to the consumers of the subject goods,” the DGAD said. The investigation in the case had been initiated on the basis of a written petition filed by the Forum of Acrylic Fibre Manufacturers on behalf of the domestic industry. Investigation in the case was conducted for the period April 2000 to March 2001. Acrylic fibre of denier 1.5 to 8.0 denier already attracts anti-dumping duty.