ANNOUNCEMENT 21 Oct 2015In October 2015, the government of India initiated a new anti-dumping investigation.
NUMBER OF INTERVENTIONS
Government of India, Ministry of Commerce and Industry, Department of Commerce, Directorate General of Anti-Dumping & Allied Duties, Initiation of Anti Dumping Investigation, Anti Dumping investigation concerning imports of 'Jute Product' originating in or exported from Bangladesh and Nepal, 21.10.2015:
Government of India, Ministry of Finance, Department of Revenue, Notification No. 01/2017-Customs (ADD), 05.01.2017: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-add2017/csadd01-2017.pdf
On October 21st, 2015, the Indian Directorate General of Anti-dumping & Allied Duties, Ministry of Commerce and Industry, initiated an anti-dumping investigation on imports of jute products, jute yarn/twine (multiple folded/cabled and single, Hessian fabrics, and jute sacking bags, from Bangladesh and Nepal. The products subject to investigation are classified under the following HS code subheadings: 5301, 5307, 5310 and 6305. This investigation follows the application lodged by the Indian Jute Mills Association on behalf of the domestic producers of the subject goods.
On 5 January 2017, the Indian Ministry of Finance issued the Customs Notification imposing a definitive anti-dumping duty on the subject good from Bangladesh and Nepal. The rate of duty on imports from Nepal is between USD 6.30 and 38.90 per tonne depending on the specific product and company. The rate of duty on imports from Bangladesh is between USD 19.30 and 351.72 per tonne depending on the specific product and company. This is with the exception of the company Hasan Jute Mills Ltd. whose exports are exempt from this anti-dumping duty. The definitive duty is in force for a period of five years from the date of publication of the Customs Notification.