India has recently announced the launch of an anti-dumping probe into the import of Vietnamese polyester yarn products, according a statement issued by the Trade Remedies Authority of Vietnam.
The investigation is based on petitions filed by eight Indian yarn companies that had called for a probe into the import of polyester yarn products from Vietnam, China, Indonesia, and Nepal.
The Directorate General of Trade Remedies (DGTR) of India is set to conduct investigations into dumped polyester yarn products that entered the South Asian nation between January 1, 2019 and December 31, 2019.
Moreover, the period between April 2016, and December 2019 will be investigated and assessed with all damage being considered, while the DGTR will send a questionnaire to production and export firms for them to complete.
Other businesses will be required to be proactive when contacting the DGTR as they must receive the questionnaire and submit it within 30 days of May 21, the date when firms first received the notice.
Enterprises may therefore submit a request in order to extend the time limit for submission of the questionnaire to the DGTR for review.
Moreover, businesses have been asked to regularly exchange information with India’s import partners as a means of raising any concerns with the Indian Government, while also asking the DGTR to seriously consider the socio-economic benefits and long-term interests of consumers.
As a result, firms should seek to co-ordinate closely with the Trade Remedies Authority of Vietnam in order to receive updated information and therefore prompt support.
Enterprises have also been requested to effectively work alongside the Trade Remedies Authority of Vietnam to avoid the imposition of anti-dumping duties by the DGTG.