The Finance Ministry imposed definitive anti-dumping duty on certain ‘flax yarn’ — a linen yarn used in fabric industry — from China.
Based on the recommendations of the Designated Authority in the Commerce Ministry, the revenue department imposed an anti-dumping duty that ranges from $1.30 per kg to $4.83 per kg depending upon the producer and exporter from China.
The petition seeking anti-dumping probe on ‘flax yarn of below 70 Lea Count (43 Nm)’ from China was filed by Jaya Shree Textiles — a unit of Grasim Industries Limited (previously Jaya Shree Textiles) — Unit of Aditya Birla Nuvo Ltd)
Flax yarn is a 100 per cent linen yarn. It is a natural cellulose fibre with higher conductivity and is highly moisture absorbent. It possesses anti-microbial, anti-fungal properties and is used in children’s wear and home textiles.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.