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Yarn Importers Devise Route to Evade Duty

By   /   December 9, 2012  /   No Comments

Surat , India – While the Government of India has imposed anti-dumping duty on all segments of synthetic yarn including nylon, polyester and viscose imported from countries like China, Korea, Chinese Taipie, Malaysia, Thailand and Indonesia, yarn importers in the country’s biggest man-made fabric hub have started indulging in circular import to skip the duty.

In a first of its kind case, Directorate of Revenue Intelligence (DRI) raided a city-based yarn importer on the charges of importing more than 16 tonnes of imported viscose yarn from South Korea via US in order to skip paying anti-dumping duty worth Rs 40 lakh.

Source : Times of india

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  • Published: 5 years ago on December 9, 2012
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  • Last Modified: December 9, 2012 @ 10:03 am
  • Filed Under: Yarn & Fibre
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