The Directorate General of Safeguards has started scrutinizing imports of bare elastomeric filament yarn on a petition filed by Indorama Industries seeking imposition of safeguard duty on bare elastomeric filament yarn also known as spandex imports. A safeguard duty is a temporary measure brought in for a certain timeframe to turn away any damage to the domestic industry from cheap imports.
Indorama claims to be the Indiaâ€™s sole producer of bare elastomeric filament yarn, commonly known as spandex. Spandex is a synthetic fibre known for its exceptional elasticity. It is strong, but less durable than its major non-synthetic competitor, natural latex. Spandex or elastane is used in various applications such as denim jeans, sportswear, T-shirts, suitings, socks and other garments.
Bare elastomeric filament yarn is imported into India from a number of countries, primarily from Vietnam, South Korea, China, Singapore, Taiwan and Thailand.
Indorama Industries sought imposition of safeguard duty on its imports for a period of three years. The company has also made a case for imposition of provisional safeguards duty.
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