Both India and China are members of the Geneva-based body. Exports to China were only USD 9 billion in 2015-16, but imports totalled USD 61.The probing authority “hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry”, the DGAD said in a notification.Anti-dumping duties are levied to provide a level playing field to local industry by guarding against cheap, below-cost imports. These yarns are used for manufacture of tyre cord fabric, seat belt webbing, slings, ropes, coated fabric and conveyor belt fabric. If established that dumping has caused material injury to domestic players, the DGAD will recommend imposition of anti-dumping duty.The Directorate General of Anti-dumping and Allied Duties (DGAD), under the commerce ministry, has “sufficient” evidence of dumping of high tenacity polyester yarn from the neighbouring nation. Imposition of anti-dumping duty is permissible under the Nylon Polyester stretch Manufacturers World Trade Organisation (WTO) regime.Increasing imports and dumping of goods from China have always been an area of concern for Indian companies..7 billion in the fiscal. The investigation will cover the period from April 2016 to March this year.India is one of the most attractive markets for global producers due to its large middle class population.SRF Ltd and Reliance Industries have alleged dumping of the yarn and asked for an investigation into the matter.New Delhi: The government has started an anti-dumping probe into a select Chinese polyester yarn following complaints from SRF Ltd and Reliance Industries. The DGAD is also probing dumping of several other products such as chemicals from China
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