Finance Ministry Revises Anti-Dumping Duty on Jute Imports from Bangladesh and Nepal

The Ministry of Finance has revised the anti-dumping duty applicable to certain jute products imported from Bangladesh and Nepal, with the updated rates varying by product and producer, according to The Economic Times news report. 

Revised Duty Structure 

The revised duty covers jute yarn and twine, hessian fabric, and jute sacking bags imported from Bangladesh and Nepal. Under the new structure, specified producers will attract zero anti-dumping duty, while higher rates will apply to other producers. 

The notification does not set one common rate for all imports. The applicable duty depends on both the type of jute product and the manufacturer involved in the shipment. 

Review of Existing Duty 

The changes follow the final findings of the Directorate General of Trade Remedies (DGTR) after a mid-term review of the existing anti-dumping measure. 

The review relates to the duty that was originally imposed in December 2022 on the specified jute products from Bangladesh and Nepal. 

Duty Applies for Remaining Period 

The Finance Ministry said the revised rates will apply for the remaining period of the existing anti-dumping duty. This means the latest notification changes the duty structure within the period of the measure introduced in December 2022. 

The revised arrangement also distinguishes between specific producers and the rest of the manufacturers. As a result, imports from certain identified producers will carry no anti-dumping duty, while imports from other producers will be subject to higher applicable rates. 

Products Covered 

The measure covers three main categories of jute products: jute yarn/twine, hessian fabric, and jute sacking bags. The revised rates apply to imports originating from Bangladesh and Nepal. 

The Finance Ministry's notification records the changes following DGTR's final findings in the mid-term review. The duty structure therefore continues to cover the products under the existing measure while altering the rates applicable to different producers. 

Read More: India’s Crude Import Spending Jumps 48% to $74.8 Billion in First 5 Months of FY27! 

Conclusion 

The Finance Ministry has altered the anti-dumping duty structure for selected jute imports from Bangladesh and Nepal. The revised rates now differentiate between producers and products for the remaining period of the December 2022 measure. 

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