Elastomeric Filament Yarn, such filament yarns are commonly referred to as Spandex or Elastanc. Based on the recommendations of the Designated Authority in the commerce ministry, a definitive anti dumping duty has been imposed on it against imports from China, South Korea, Taiwan and Vietnam.
The petition to levy anti-dumping duty on ‘Elastomeric Filament Yarn’ from these four countries was filed by Indorama Industry Ltd.
The revenue department has imposed anti-dumping duty that ranged from ‘Nil’ rate to $ 3.34 per kilogram depending on the producer and the country of export.
Elastomeric Filament Yarns find applications in manufacturing of hosiery, swimsuits, aerobic or exercise wear, golf jackets, disposable diaper and waist bands among other garments.
The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency.
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