According to a recent notification by the Central Board of Indirect Taxes and Customs (CBIC), India has extended the anti-dumping duty (ADD) on imports of fully drawn or fully oriented yarn, spin drawn yarn or flat yarn (FDY) of polyester from China and Thailand till December 31. The duty was first imposed in October 2015 after the Directorate General of Trade Remedies (DGTR) had found that the imports were impairing the domestic industry.
The duty was then extended till November 30, last month, and now has been extended further by a month. FDY is used in making shoe upper fabrics, luggage/bag and curtain fabrics.
The Board added that DGTR, the designated authority, had sought for continuation of ADD after conducting a review of the same that was initiated in April this year.
