ISLAMABAD, Sept 29: The National Tariff Commission (NTC) has withdrawn anti-dumping duty from export of polyester filament yarn (PFY) of two more producers of Thailand to Pakistan against price undertaking.

A senior official told Dawn on Friday that the commission had already been suggested similar proposal to all exporters from Indonesia, Korea, Malaysia and Thailand who were subject to anti-dumping duty to offer similar price undertaking, which would result in removing of anti-dumping on PFY.

The NTC had already accepted price undertakings from 10 exporters/foreign producers from the exporting countries on June 7 this year. This will be the first-ever Pakistan's arrangement with the dumping countries’ exporters to settle the issue bilaterally through non-tariff arrangement.

The commission had imposed definitive anti-dumping duties on imports of PFY into Pakistan originating in and or exported from Indonesia, Korea, Malaysia and Thailand for a period of five years, effective from November 12, 2005.

The official said that if after due process the NTC decided to accept the price undertakings offered, definitive anti-dumping duties levied on imports of the investigated product from these exporters should be ceased.

An official announcement said the NTC had accepted price undertakings from two more exporters -- KSS Perfection Industries Co Ltd, Thailand, and Thai-Japan Textile ROP, Thailand -- under section 46 of the Anti-dumping Duties Ordinance, 2000.

The reasons for acceptance of the price undertaking, the announcement said, were stated in the notice of acceptance undertakings they have agreed to revise their prices so as to eliminate injury, the NTC was satisfied that the injurious effect of dumping in question would be eliminated after the revision of prices and the domestic industry agreed that the NTC might consider the acceptance of price undertakings offered by the exporters/foreign producers.

The NTC initiated the dumping investigation on May 12, 2005 to investigate dumping of PFY into Pakistan by the exporters from the exporting countries. This investigation was initiated in response to an application filed with the NTC by the association of domestic producer of PFY, Filament Yarn Manufacturers Association, Karachi, on behalf of the domestic industry of PFY.

On November 12, 2005, the NTC levied preliminary anti-dumping duties on exporters from the investigating countries. On March 17, 2006, the commission imposed definitive anti-dumping duties ranging from zero per cent to 29.68 per cent equal to the amount of final dumping margins.

More From This Section

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

Treasury bills losing attraction

Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.

Punjab textile units start downsizing

Several textile units have incurred losses due to short gas supply, long power cuts, appreciating rupee against US$.

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page