Customs imposes anti-dumping duty on jute from Nepal and Bangladesh
The Dollar Business Bureau The Government imposed definitive anti-dumping duty on imports of jute and jute products from Nepal and Bangladesh on Jan 5. In its notification no.01/2017-Customs (ADD) dtd Jan 5, 2017, the government details that anti-dumping duty ranging from $6.30 to $351.72 has been imposed on these products originating from Nepal and Bangladesh to protect the interests of the domestic manufacturers. The anti-dumping duty shall be effective for five years beginning from the date of publication of this notification and the duty shall be paid in Indian currency. The import restrictive levy has been imposed on jute yarn/twine, Hessian fabric and jute sacking bags in "all forms and specifications". The DGAD, based on the complaints received from the local players had initiated an investigation last ...
Anti-dumping duty levied on Imports of Jute products from Bangladesh and Nepal
The Dollar Business Bureau In order to stem the dumping of low-quality jute products i.e., jute yarn/twine (multiple folded/cabled and single), Hessian fabric, and jute sacking bags from Bangladesh and Nepal, the Ministry of commerce has investigated the and issued a notification imposing anti-dumping duties on Bangladesh and Nepal. The petition was filed by the Indian Jute Mills Association (IJMA) before the Directorate General of Anti-dumping and Allied duties (DGAD)against Bangladesh and Nepal. The notification dated 20th Oct 2016 states its observations after examining the contention of various interested parties under the following points: (i) There is dumping of product concerned from the subject countries. (ii) Imports from subject countries are undercutting and suppressing the prices of the domestic industry. (iii) Performance of domestic industry ...
DGAD proposes 5-20% anti-dumping duty on jute imports
Aamir H Kaki The Directorate General of Anti-Dumping and Allied Duties (DGAD), a branch of the Ministry of Commerce, has proposed an anti-dumping duty of 5%-20% on jute and jute products in order to safeguard the domestic jute industry from cheap imports. However the recommendations of the DGAD would need the approval of Ministry of Finance before the imposition. Pankaj Agarwal, Head of Exports, Hooghly Mills Project Ltd, an importer of raw jute, spoke to the correspondent of Dollar Business. He said, “we are happy with the recommendations of imposing anti-dumping duty as this will benefit the factories in India. Indian jute mills are getting impacted from the cheap imports and this measure will definitely benefit us.” Agarwal further added that the local or ...
India likely to persuade Bangladesh for lifting jute export ban
Deepak Kumar | The Dollar Business Textile Minister Santosh Kumar Gangwar held a meeting with the stakeholders to discuss ways to streamline the jute price Taking note of the steep hike in jute price, the Indian government is likely to approach Bangladesh and ask for the withdrawal of ban on the export of raw jute from that country. Bangladesh government had on November 3 imposed a blanket ban on the outbound shipment of raw jute in order to ensure adequate supply of fibre within the domestic market and help sack makers. The Indian Textiles Ministry has asked the Ministry of Commerce as well as the External Affairs Ministry to persuade the Bangladeshi authorities to allow jute exports. “Department of Commerce ...
Govt steps in to check illegal jute imports
The Dollar Business Bureau To ensure transparent and fair trade in jute products across Indo-Bangladesh and Indo-Nepal borders, the Ministry of Textiles has introduced a new guideline for the registration of importers. Under the new guideline, all traders and importers are required to register with the Office of Jute Commissioner. They will also need to file a monthly report on the imported jute products within four working days of the end of the month. If the reports are not filed within the given timeframe, the registration of the importers will be cancelled without any notification. As per the Packaging and Labeling Act, any food coming into the Indian market has to be packed. The new provision is aimed at ensuring transparency in ...
