Indian Government has imposed anti-dumping duty ranging from US $ 6.30 to US $ 351.72 per tonne on imports of jute and its products from Bangladesh and Nepal to protect domestic industry.
The anti-dumping duty has been imposed for five years. The import restrictive levy has been imposed on jute yarn/twine, Hessian fabric and jute sacking bags in “all forms and specifications”. West Bengal is the key region in the Indian jute industry with 3.5-4 lakh people being employed in the sector.
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Earlier, the Directorate General of Anti-Dumping and Allied Duties (DGAD) had initiated a probe into imports of the products in 2015. Last year, it came to the conclusion that there is dumping of goods and the imports were “undercutting and suppressing the prices of the domestic industry”. “Performance of domestic industry has deteriorated in the terms of profitability return on investments and cash flow (and) injury to domestic industry has been caused by dumped imports,” said DGAD.