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Anti-dumping duty imposed on jute from Bangladesh, Nepal

Press Trust of India  |  New Delhi 

today imposed anti-dumping duty ranging from USD 6.30 to USD 351.72 per tonne on of jute and its products from and to protect domestic industry.

The anti-dumping duty has been imposed for five years, a department notification said.

The import restrictive levy has been imposed on jute yarn/twine, Hessian fabric and jute sacking bags in "all forms and specifications".

Based on complaint of local players, the Directorate General of Anti-Dumping and Allied Duties (DGAD had initiated a probe into of the products in 2015.

In its final order, issued in October last year, the DGAD had come to the conclusion that there is dumping of goods and the were "undercutting and suppressing the prices of the domestic industry".

"Performance of domestic industry has deteriorated in the terms of profitability return on investments and flow (and) injury to domestic industry has been caused by dumped imports," it had said while recommending imposition of definitive anti-dumping duty on imports in "order to remove injury" to the domestic industry.

The department "after considering" the final findings of the DGAD imposed the anti-dumping duty.

West Bengal is the major player in the jute industry, with 3.5-4 lakh people being employed in the sector.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 05 2017. 22:07 IST