Financial Daily from THE HINDU group of publications
Sunday, Jan 27, 2002
Financial Daily from THE HINDU group of publications Sunday, Jan 27, 2002 |
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Corporate
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Anti-dumping Anti-dumping duty mooted on polyester fibre imports K.R. Srivats
NEW DELHI, Jan. 26 THE Designated Authority in the Commerce and Industry Ministry has recommended imposition of provisional anti-dumping duty on all imports of polyester staple fibre (PSF) from South Korea, Malaysia, Taiwan and Thailand. In its preliminary findings, the authority has, in the case of all exporters from South Korea, recommended a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the "landed value'' of imports in dollar per kg. In the case of PSF imports from Penfibre Sdn Bhd, Malaysia, the authority has recommended a provisional anti-dumping duty equivalent to the difference between $1.118 per kg and the landed value. For all other PSF exporters from Malaysia, a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the landed value has been recommended. Industry sources said that a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the landed value has been recommended in the case of all exporters from Taiwan. On imports from Thailand, a provisional anti-dumping duty equivalent to the difference between $1.054 per kg and the landed value has been recommended on exports made by Tuntex (Thailand) Public Co Ltd. While a `nil' provisional anti-dumping duty has been recommended in the case of Teijin Polyester (Thailand) Ltd due to the de-minimus level of imports, a provisional anti-dumping duty equivalent to the difference between $0.951 per kg and the landed value has been recommended in the case of Teijin (Thailand) Ltd. For all other exporters from Thailand, a provisional anti-dumping duty equivalent to the difference between $1.264 per kg and the landed value has been mooted. The petition seeking anti-dumping investigations on certain PSF exporters was filed by the Association of Synthetic Fibre Industry (ASFI) on behalf of the domestic PSF industry. The participating companies, namely Indo Rama Synthetics (India) Ltd and Reliance Industries Ltd (RIL) accounted for more than 71 per cent of the domestic production of PSF during the period of investigation (January 1, 2000 to September 30, 2000). The estimated level of PSF imports during the period of investigation was about 8,500 tonnes. Total imports of PSF had gone up from 9,625 tonnes in 1999-2000 to 14,632 tonnes (annualised for the period 2000-01), while imports from the four countries increased from 9,228 tonnes to 14,202 tonnes (annualised for the period 2000-01). PSF is used to spin yarn of 100 per cent PSF or in blends with natural, artificial and/or synthetic staple fibres for the manufacture of apparel/household textiles, 100 per cent polyester sewing thread, other industrial textiles and the manufacture of waddings.
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