Anti-dumping duty likely on nylon filament yarn from EU, Vietnam

India may impose an anti-dumping duty of up to US$719 per tonne for five years on imports of nylon filament yarn (NFY) from the European Union and Vietnam following recommendations by the Commerce Ministry’s investigation arm, the Directorate General of Anti-dumping and Allied Duties (DGAAD).

Following complaints by five domestic players including JCT Ltd., Gujarat Polyfilms Pvt. Ltd. and AYM Syntex, the DGAAD initiated a probe against alleged dumping of NFY from the two regions. In its final findings, the directorate concluded that the product has been exported to India from these countries below normal values and that the domestic industry has suffered material injury on account of such dumped imports. “The Authority recommends imposition of definitive anti-dumping duty...so as to remove the injury to the domestic industry,” the DGAD has said in a notification.

The suggested duty ranges between US$128.06 per tonne to US$719.44 per tonne. The final view to impose the duty would be taken by the Finance Ministry soon.

Import of NFY from EU and Vietnam increased to 13,799-tonnes during October 2015 to March 2017 (the period of investigation) from 7,201-tonnes in 2013-14.

The major uses of NFY are in home furnishing and industrial application such as curtains, sewing and embroidery thread and fishnets.