Good news for domestic textile industry, anti-dumping duty on elastomeric filament yarn imports will continue

Textile Industry: There is special news for domestic textile companies. According to the exclusive data obtained by G Business, there is good news for companies like Indo Rama Synthetics, Arvind, Burdwan Textile, KPR Mills. The government has given a big relief to the textile sector in front of elastomeric filament yarn. The anti-dumping duty imposed by the government on the import of elastomeric filament yarn will continue. Nahar Mills had appealed to the government for this. The agency appealed to the government that the removal of the anti-dumping duty would do much harm to the domestic industry.

Good news for indigenous industries

The DGTR conducted an investigation into the allegations, which lasted a full year. At the time, the removal of anti-dumping tariffs on the import of elastomeric filament yarn would have caused some damage to the domestic industry. Assessing this, the anti-dumping duty has been increased for the next 5 years.

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What is the fee?

It is recommended to levy-0.15 to $ 3.44 per kg as anti-dumping duty. After this step of the government, the domestic textile industry will get benefits.

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# Textile Good news for the sector
#IndoRamaSynthetics #Arvind # Growing Textiles #Kparmills Good news for
Anti-dumping duty on elastomeric filament yarn imports will continue
Find out from Ambareesh PandeyPandeyambarish

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– Zee Business (ZeeBusiness) February 3, 2022

Expert Bikash Sethi’s opinion

Market expert Bikash Sethi said there is a strong boom in the textile sector at present. Bikash Sethi said the government’s move would be good for the entire sector.