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The export of Jiangsu $20millionUSD silk will be affected

The export of Jiangsu $20millionUSD silk will be affected

Write: Sophia [2011-05-20]

Since June.1, India custom pose temporary anti-dumping tariff on silk product imported from China, that is pose tax according to price difference on import product at price lower than lowest price fixing. It is known that this is the biggest anti-dumping case launched by India. The experts said that it means Jiangsu province's over $20million silk export will be affected seriously. On May.15, 2005, India put on record to carry out anti-dumping investigation on silk with weight 20gram-100gram and total sum $0.181billion during April.1-Sep.30,2004 and September.30, 2004.It is known that Nanjing Textile Import & Export Stock Co.,Ltd is one of five sampled enterprises,other 22 enterprises also answer for it. On April.27, 2006, India Anti-dumping Investigation Administration make preliminary judgment that all China enterprises answer for the case should be offered market economy treatment and identify anti-dumping profit margin of five sample enterprises to be 57.42%-115.74%, the average tariff rate of 22 answering enterprises 107.91%.

On May.19, India amend the result of judgment, which make the tariff rate of enterprise without answering consist with the highest tax rate. Three enterprises is posed anti-dumping tariff by India: five sample enterprise, answering enterprise without being sampled, all other importers. Different patterns & categories products have different lowest price fixing and tariff range. For example, the scrape with weight 51gram/meter, its lowest price fixing $3.55, answering enterprise without being sampled $3.66, all other exporter $3.78. It is introduced by the principle of Jiangsu Suhao International Group Silk Company that the products posed anti-dumping by India cover all China silk products exported to India. Aftertime, China silk products exported to India with price lower than fixed one will be posed 100% custom tariff. In reality, nowadays, the price for China silk products exported to India nearly cannot reach "lowest price fixing"of India. For example, the georgette with the price lower than $1USD/meter will be imposed over 30% custom.