India decides not to impose anti-dumping duties on Vietnamese artificial fiber
VOV.VN - India has chosen not to place anti-dumping taxes on some artificial fiber products, including viscose spun yarn imported from countries such as Vietnam, according to details released by the Trade Remedies Authority of Vietnam.
This comes after the Trade Remedies Authority of Vietnam received information on May 6 about the Indian Ministry of Finance's decision to not impose anti-dumping duties on a number of artificial fiber products which originate from China, Indonesia, and Vietnam.
Previously on December 30, 2020, India’s Ministry of Commerce and Trade had issued their final investigation into the case, while the Indian Ministry of Finance subsequently proposed imposing anti-dumping duties of between US$0.25 and US$0.8 per kilo on these products. In line with this suggestion, it was put forward that anti-dumping taxes on Vietnamese items should be at US$0.41 per kilo.
According to information released by the Trade Remedies Authority of Vietnam, the date of initiating the investigation began on January 14, 2020, with products subject to an investigation falling under the HS codes 5510.11.10; 5510.12.10; 5510.11.90; 5510.90.10; and 5510.90.90.
The plaintiff is the Indian Manmade Yarn Manufacturers Association, with the investigation period beginning from April 1, 2019, to December 31, 2019.
Data compiled by the General Department of Vietnam Customs indicates that the country’s total export turnover of products subject to an investigation stood at US$9.7 million in 2019, representing a year-on-year increase of 78% compared to 2018.
