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The Affiliation of Man-made Fibre Business of India has requested the finance ministry to just accept the Directorate Common of Commerce Cures (DGTR) suggestion to levy an anti-dumping obligation on imports of viscose staple fibre (VSF), which is utilized in ready-made clothes, dwelling and industrial textiles.
On December 19, DGTR advisable the obligation as a consequence of large-scale dumping at below-cost costs by Chinese language backed corporations.
The earlier obligation expired in August 2021 and there was a fivefold enhance in month-to-month VSF imports into India at predatory costs, the affiliation stated.
“India’s FTAs with ASEAN nations permit for export of VSF to India at zero obligation. The affiliation has indicated to the finance minister {that a} Chinese language backed participant has set massive VSF vegetation in Indonesia to flood the Indian market by profiting from the FTA,” it stated in a letter to the finance ministry.
