India has reset the anti-dumping duties it charges on jute goods imported from Bangladesh, with duty of up to $445 a tonne now on jute yarn or twine. The revenue department of India's finance ministry published a special gazette on the change on Thursday.

The decision follows the recommendation of a mid-term review by the Directorate General of Trade Remedies (DGTR), which sits under India's commerce ministry.

Under the gazette, the duty is not the same for every Bangladeshi firm. Firms not named in the list will pay $445 a tonne on jute yarn or twine, $88 on hessian fabric and $283 on sacking bags. Listed exporters pay somewhat less.

Some products of a few firms, including A M Jute Industries Ltd and Bonanza Jute Composite and Diverse Factory Ltd, carry a zero rate. Others, among them Hassan Jute Mills, Janata Jute Mills, Sadat Jute Industries, Afil Jute Weaving Mills and Super Jute Mills, face $69 to $155 a tonne depending on the product.

India has also reset duties on jute goods from Nepal, at somewhat lower rates, with a ceiling of $292 a tonne for Nepali firms outside its list. India is a major market for Bangladeshi jute goods, so the rates bear on exporters and, through them, on the price jute growers get.

Photo: Mahinur11 / Wikimedia Commons (CC BY-SA 4.0)

Source: Samakal