The Designated Authority of the Ministry of Commerce has notified that it will conduct a Sunset review of anti-dumping duty imposed on Acrylic Fibre originating in or exported from Japan and Belarus.
The original anti dumping investigation was initiated in January 1998 and definitive anti-dumping duty was recommended in December 1998 on imports of the fibre from Italy, Spain, Portugal and Japan.
However, in the first Sunset review, the continuation of anti dumping duty was recommended only for acrylic fibre imports from Japan and Belarus in December 2004.
The Forum of Acrylic Fibres Manufacturers, New Delhi through the participating companies, viz., M/s. Indian Acrylics Ltd, M/s. Vardhman Acrylics Ltd. and M/s Pasupati Acrylon Ltd had approached the authority with an application containing information, requesting for a sunset review.
The Designated Authority considers that initiation of sunset review proceedings for the anti-dumping duty in force would be appropriate to examine the need for continued imposition of such duty to offset dumping and whether the injury would be likely to continue or recur if the duty were removed or varied or both.
The petitioners have requested for continuation and enhancement of the antidumping duty in force. The request is based on the grounds that imports are still continuing. The circumstances which were prevalent at the time of original investigations are very much in existence till date.
Fibre2fashion News Desk - India
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