Probe into bid to evade duty on China polyester yarn imports

01-Aug-2022
Probe into bid to evade duty on China polyester yarn imports

India has initiated a probe into the alleged circumvention of anti-dumping duty imposed on high tenacity polyester yarn (HTPY) originating from China, based on an application filed by Reliance Industries Ltd NSE 2.61 %.

"The authority hereby initiates an anti-circumvention investigation...to consider extension of existing anti-dumping duty on imports," the Directorate General of Trade Remedies (DGTR) said in a notification.

It said the application for initiating the probe has been filed by Reliance Industries NSE 2.61 % (RIL NSE 2.61 %), a major producer of HTPY in India. The application is supported by Wellknown Polyesters Ltd, DGTR said.

Source : economictimes.indiatimes.com

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