Fishing net imports from Bangladesh, China

India imposes dumping duty

The Finance Ministry of India has imposed definitive anti-dumping duty on ‘fishing net’ imports from Bangladesh, China. This anti-dumping duty, unless revoked earlier, will last for five years, reports Business Line.

Based on the recommendations of the Designated Authority in the Commerce Ministry, the Revenue Department has imposed an antidumping duty of $2.69 per kgon ‘fishing net’ imports from Bangladesh. In the case of China, the duty ranged from $1.51 per kg to $2.19 per kg depending on the producer.

On behalf of the fishnet manufacturers in India, the Indian Fishnet Manufacturers’ Association (IFMA) had filed the petition seeking anti-dumping duty on “fishing net” imports from China and Bangladesh.

Fishing nets, which are used to catch fish, are devices made from fibres woven in a grid-like structure. Fishing nets are usually meshes formed by knotting a relatively thin thread.

Due to the technical characteristics of Nylon, nylon fishnets constitute more than 65-70 per cent of the total fishnet consumption worldover. IFMA petition includes nylon fishing nets only — whether 100 per cent or blended.

Fishing net imports from Bangladesh, China

India imposes dumping duty

The Finance Ministry of India has imposed definitive anti-dumping duty on fishing net imports from Bangladesh, China. This anti-dumping duty, unless revoked earlier, will last for five years, reports Business Line. Based on the recommendations of the Designated Authority in the Commerce Ministry, the Revenue Department has imposed an antidumping duty of $2.69 per kgon fishing net imports from Bangladesh. In the case of China, the duty ranged from $1.51 per kg to $2.19 per kg depending on the producer. On behalf of the fishnet manufacturers in India, the Indian Fishnet Manufacturers Association (IFMA) had filed the petition seeking anti-dumping duty on fishing net imports from China and Bangladesh. Fishing nets, which are used to catch fish, are devices made from fibres woven in a grid-like structure. Fishing nets are usually meshes formed by knotting a relatively thin thread. Due to the technical characteristics of Nylon, nylon fishnets constitute more than 65-70 per cent of the total fishnet consumption worldover. IFMA petition includes nylon fishing nets only whether 100 per cent or blended.