Centre considering imposing anti-dumping duty on carbon black
NEW DELHI: Although some sectors of the economy have started showing signs of revival in growth, exports of cotton yarn and fabric declined by more than 45 per cent in March 2009 to $237 million over the same month last year due to slump in demand across the globe.
Officials in the Commerce Ministry said shipments of cotton yarn and fabric in March 2008 was $435 million. During 2008-09, cotton yarn and fabric exports slipped by 11.8 per cent to $4.10 billion from $4.65 billion in the previous year. Exports of manmade yarn and fabric also declined in March by 24.7 per cent to $201 million from $267 million in the year-ago period. During 2008-09, manmade yarn and fabrics exports registered a growth rate of 3.6 per cent at $3 billion against $2.90 billion. The major markets for these products are the U.S. and Europe which have been facing a downturn.
India is considering imposing anti-dumping duty of up to $0.195 a kg on the import of carbon black, widely used in manufacturing tyres, from countries like Australia, China and Russia to protect the domestic industry. The Directorate General of Anti Dumping and Allied Duties (DGAD) is learnt to have recommended the matter to the Commerce Ministry to check the damage to the domestic industry. The provisional anti-dumping duty will be $0.078-0.195 a kg.