DGTR probes circumvention of anti-dumping duty on HTPY import from China, Auto News, ET Auto

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 HTPY is used for the manufacture of tyre cord fabric, seat belt webbing, ropes, single cord, coated fabric, conveyer belt fabric, rubberized hose and fire hose.
HTPY is used for the manufacture of tyre cord fabric, seat belt webbing, ropes, single cord, coated fabric, conveyer belt fabric, rubberized hose and fire hose.

India has initiated a probe into the alleged circumvention of anti-dumping duty imposed on High Tenacity Polyester Yarn (HTPY) originating imported from China, based on an application filed by Reliance Industries Limited.

“The application has been filed by Reliance Industries Limited. The applicant is a major producer in India,” the Directorate General of Trade Remedies (DGTR) said in a notification, adding that the application is supported by Wellknown Polyesters Limited.

HTPY is used for the manufacture of tyre cord fabric, seat belt webbing, ropes, single cord, coated fabric, conveyer belt fabric, rubberized hose and fire hose.

The finance ministry had imposed the anti-dumping duty on the product imported from China on July 9, 2018 and it is in force till July 8, 2023.

As per the notification, the anti-dumping duty levied on the product is being circumvented by Chinese producers by exporting it after altering the description, name or composition of the subject goods. It also cited the imports of product have increased only after the imposition of anti-dumping duty as the grounds for alleged circumvention.

“The authority hereby initiates an anti-circumvention investigation…to consider extension of existing anti-dumping duty on imports,” DGTR said.

The period of investigation is 2021-22.