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India may impose an anti-dumping duty of up to USD 719 per tonne for five years on imports of nylon filament yarn

Related Keywords: anti-dumping duty, curtains, DGAD, Gujarat Polyfilms Pvt Ltd and AYM Syntex, Imposition of duty points, JCT ltd, nylon filament yarn, sewing and embroidery thread and fishnets, yarn

To recommend duties, the DGAD in it’s probe would have to establish that dumping has caused material injury to domestic players. Anti-dumping duties are levied to provide a level playing field to the local industry by guarding against below-cost import. Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China both are members of the Geneva-based body. The duty is directed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a- vis foreign producers and exporters.

JCT to repay convertible bond holder from sale of its non-core assets

Related Keywords: Chairman and Managing Director Samir Thapar, Indian textile maker, JCT ltd, land at Ganganagar, manufacturer of textiles and filament yarn, plan to sell noncore asset, Rajasthan, repay convertible bond holders, two plots in Delhi

JCT Ltd, one of India's leading textile makers, plans to sell some of its noncore assets to repay holders of its foreign currency convertible bonds. The company’s non-core assets include 70 acres of land at Ganganagar in Rajasthan and two plots in Delhi. The combined market value of these land would be about Rs 80-90 crore.

The move comes after the Punjab and Haryana High Court last week dismissed a petition seeking winding up of JCT, filed by hedge fund QET that holds a majority of the Rs 115 crore of bonds outstanding.

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