India imposes anti-dumping tax on jute from Bangladesh and Nepal | daily-sun.com

India imposes anti-dumping tax on jute from Bangladesh and Nepal

Sun Online Desk     6th January, 2017 01:58:17 printer

India imposes anti-dumping tax on jute from Bangladesh and Nepal

The government of India has imposed anti-dumping duty on jute imported from Nepal and Bangladesh as these imports are undercutting and suppressing the prices of the domestic industry.

 

The duty has been imposed in the bracket of $6.30 to $351.72 per ton on all forms and specifications of jute yarn/twine, jute sacking bags and hessian fabric for five years.

 

“The performance of the domestic industry has deteriorated in terms of profitability returns on investments and cash flow. Injury to domestic industry has been caused by dumped imports,” said a revenue department notification.

 

Local players had complained about the imports of jute products and a probe was initiated on the same by the Directorate General of Anti-Dumping and Allied Duties (DGAD) in 2015.

 

The duty has been imposed on the jute products from Nepal and Bangladesh by the revenue department after considering the final findings of the DGAD.

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