Directorate General of Anti Dumping & Allied Duties, ministry of commerce and industry, Government of India, has initiated anti-dumping investigation concerning imports of “Nylon Filament Yarn (Multi Filament)” originating in or exported from EU and Vietnam. The product under consideration is “Synthetic Filament Yarn of Nylon” also called polyamide yarns.
The investigation has been initiated following an application filed by JCT Limited, Gujarat Polyfilms Pvt Ltd, Gujarat State Fertilizers and Chemicals Ltd, Prafful Overseas Pvt Ltd, and AYM Syntex (formerly known as Welspun Syntex). There are five other Indian producers of the product, namely, Salasar, JPB Fiber, Gupta Sythetics Limited, Century Enka, and Oriilon India Pvt Ltd. All the other producers have supported the application.
DGAD found sufficient prima facie evidence of dumping of Nylon Filament Yarn (NFY) originating in or exported from the European Union and Vietnam, causing ‘injury’ to the domestic industry. “Causal link between the dumping and ‘injury’ exists to justify initiation of an anti dumping investigation,” an official notification said.
The investigation will determine the existence, degree and effect of any alleged dumping and recommend the amount of antidumping duty, which if levied, would be adequate to remove the ‘injury’ to the domestic industry.
The period of investigation proposed by the applicants was April 2015 – September 2016, however, DGAD has taken the period of investigation as October 2015 – March 2017 (18 Months). The injury investigation period shall cover the periods 2013-14, 2014-15 and 2015-16 and the period of investigation.
NFY is a synthetic filament yarn 2 produced by polymerisation of organic monomers. The product under consideration is multifilament, and includes all kinds of synthetic filament yarns of nylon or polyamides, such as flat yarn - twisted and/or untwisted, fully drawn yarn (FDY), spin drawn yarn (SDY), fully oriented yarn (FOY), high oriented yarn (HOY), partially oriented yarn (POY), textured yarn – twisted and/or untwisted, and dyed yarn, single, double, multiple, folded or cabled, classifiable within Chapter 54 under customs subheading no. 5402.
The product includes all variants of nylon filament yarn or polyamide yarns such as flat/ textured/ twisted/ untwisted, bright/semi-dull/full-dull (or variants thereof), grey/ coloured/ dyed (or variants thereof), single/double/ multiple/folded/cabled (or variants thereof), whether or not sized, but excludes high tenacity yarn of nylon classifiable under customs subheading 5402.
The major end uses of NFY are in home furnishing and industrial application areas such as curtains, sewing and embroidery thread, upholstery, fishnets etc.
Source: fibre2fashion.com