India: Anti Dumping Duty Imposed On Spandex Yarn Imports

Market Intelligence

India: Anti Dumping Duty Imposed On Spandex Yarn Imports

Finance Ministry has imposed definitive anti-dumping duty on 'Elastomeric Filament Yarn' (popularly known as Spandex or other brand names) imports from China, South Korea, Taiwan and Vietnam. The Directorate General of Anti-Dumping and Allied Duties (DGAD) under the Commerce Ministry was investigating an alleged anti-dumping case against cheaper imports of spandex from the above countries after a complaint by Indorama Industries Ltd. – the only manufacturer of the product in India.

Based on the recommendations of the DGAD, the revenue department has imposed anti-dumping duty that ranged from 'Nil' rate to US$ 3.34 per kilogram depending on the producer and the country of origin of the product.

Spandex or Elastane have found wide application in apparels as it imparts comfort and perfect fit to the wearer. Hosiery, Denims, Swimsuits, Aerobic or exercise wear, Golf jackets, disposable diaper and waist bands among other garments uses spandex extensively. The imposition of anti-dumping duty might increase the cost of inputs to fabric and apparel manufacturers in Tirupur and other parts of the country.