Updates

Initiation of sunset review of anti-dumping duty imposed on imports of High Tenacity Polyester Yarn from China (30.09.2022)

Product description (product subject to duty) – The product subject to anti-dumping duty is High Tenacity Polyester Yarn also known as Polyester Industrial Yarn (PIY) or Industrial Yarn (IDY). Twisted yarns, coloured yarns, adhesive activated yarns with deniers above 1000 and yarns with HMLS properties are excluded from the scope of anti-dumping duty.

HS Code – 54022090

Country involved – China 

Applicant – Reliance Industries Limited

Supported by – Wellknown Polyesters Limited, Sanathan Textiles Limited and Fairdeal Multifilament Private Limited

Period of investigation – 1st April 2021 to 31st March 2022

Injury period – 2018-19, 2019-20, 2020-21 and 2021-22

Past investigations involving the product –

  1. Anti-dumping duty imposed vide Notification No. 35/2018 – Customs (ADD) dated 9th July 2018
  2. Anti-circumvention investigation initiated vide Case No. – AD (AC) – 03/2022 on 27th July 2022.

Facts of the present case – Due to the continued dumping of goods and increasing share of the dumped goods in the Indian market, price undercutting, circumvention of the existing duty through alteration of name, description and composition of the goods, and significant and idle capacities in China, there is a likelihood of injury to domestic industry in case of cessation of the anti-dumping duty.