Ever since the Finance Ministry of India has imposed definitive anti-dumping duty on elastomeric filament yarn imports from Vietnam, China, South Korea and Taiwan, Indian market of filament yarns has attracted worldwide attention. These filament yarns are commonly referred to as Spandex or Elastane.
It is noteworthy that spandex yarn is mainly used to make garments that require great comfort and fit like hosiery, swimsuits, disposable diaper, sportswear and so on.
Also Read – Indian Govt. may impose anti-dumping duty on filament yarn from 4 nations
The Revenue Department, based on the recommendations of the Designated Authority in the commerce ministry, has imposed anti-dumping duty that ranged from ‘Nil’ rate to US $ 3.34 per kilogram depending on the producer and the country of export. Spandex export, in particular, by China may majorly get affected.
The petition to levy anti-dumping duty on elastomeric filament yarns from these four countries was filed by Indorama Industry Ltd. With duty imposed, the domestic industry may now be protected from cheap imports of elastomeric filament yarns that are used in the manufacturing of hosiery, swimwear and so on.
