India has extended the anti-dumping duty on viscose filament yarn from China by one year. The duty will now be valid till May 3, 2018. The decision by the Revenue department was taken after the sunset review investigation initiated by the commerce ministry recently. The duty ranging from 5.04 per cent to 16.90 per cent was imposed in May 2012. The anti-dumping duty, initiated by the country’s revenue department in 2012, was valid for five years, according to a report by a leading daily. The investigation was carried out by a designated authority. The report said that the petition seeking sunset review investigation was filed by Kesoram Rayon (unit of Cygnet Industries, a wholly-owned subsidiary of Kesoram Industries, and Indian Rayon, a unit of Aditya Birla Nuvo. Century Rayon, a division of Century Textiles and Industries, had supported the petition. (SV)
Source: Fibre2fashion