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12/01/2023 08:51am

AMFII urges govt to impose anti-dumping duty on viscose fibre

image AMFII urges govt to impose anti-dumping duty on viscose fibre

Mumbai, Jan 12 (KNN) The Association of Man-made Fibre Industry of India (AMFII) in a letter to the Finance Ministry has urged the government to accept the recommendations of the Directorate General of Trade Remedies (DGTR) on levy of anti-dumping duty (ADD) on imports of Viscose Staple Fibre from Indonesia.


The import of VSF which is used in readymade garments, home, and industrial textiles, increased fivefold since the removal of ADD in August 2021.These surging imports at predatory prices are significantly harming the domestic man-made fibre industry, said AMFII in a press note.

DGTR on December 19, 2022 recommended imposing ADD on VSF imports in the face of large-scale dumping at below-cost prices.

Allowing large-scale below-cost imports runs the risk of losing out on attracting domestic investment in upstream sectors. Domestic investment in the supply chain ensures reliable supply at stable prices in the long run, the association said.

Presently, the free-trade agreements between India and ASEAN nations allows for export of VSF to India at zero duty.  (KNN Bureau)


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