India Imposes Duty on Nylon Imports

The Indian finance ministry has introduced anti-dumping duty on nylon filament yarn and nylon tyre cord imported from China, Taiwan, Malaysia, Indonesia, Thailand and Korea. According to the Directorate General of Anti Dumping and Allied Duties (DGAD), these items have been exported to India at artificially low prices. Importers of nylon filament yarn from China will have to pay a duty of Rs 63 (1.

06 euros) per kg, but importers from Taiwan, Malaysia, Indonesia, Thailand and South Korea have been hit harder, paying Rs 77 (1.29 euros) per kg. The DGAD recommended that the finance ministry introduced duties on synthetic fabrics, saying that the Indian industry had suffered material losses because of dumping by exporters from these six countries, as the market for synthetic textiles in India continues to grow.