Textile Import Duty to Boost the Industry

By Editorial Team 14/08/2019
Summary

The government finally takes a drastic measure to prevent overflowing textile imports. This week, the Finance Ministry announced the implementation of antidumping duty (BMAD) for textile materials such as spin drawn yarn (SDY) and polyester staple fiber (PSF) from China, India, and Taiwan.

BMAD is effective since August 20, 2019, with a three-year duration. The percentage will vary from one country to the other. For example, the duty for PSF from India is around 5.82-16.67 percent while the tax for PSF from China is around 13-16.10 percent and 28.47 percent for PSF from Taiwan. On the other hand, the duty for SDY from China is around 5.4-15 percent. The affected companies include Jiangsu Zhonglu Technology Development Co Ltd, Jiangsu Guowang High-Technique Fiber Co Ltd, and Zhejiang Hengyi High-Tech Materials Co Ltd.

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