The revenue department of the ministry of finance has announced levying of anti-dumping duty ranging from $0.103 to $0.512 per kilogram on 'VSF excluding bamboo fibre' imports from Indonesia.
The duty, which would be in place for five years, has been imposed following recommendation of the designated authority in the commerce ministry last month.
The petition seeking anti-dumping duty was filed by the Association of Man-Made Fibre Industry of India. Grasim Industries, one of the association members, is sole producer of VSF (excluding bamboo fibre) in India.
VSF is mainly used in the textiles industry for home textiles and apparel. (RKS)
ALCHEMPro News Desk – India
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