Customs enhance inspection of PFY imports

Monday, May 18, 2020 17:55

The local PFY producers have proposed to impose anti-dumping duties on PFY imports. — Photo

The General Department of Customs has required customs departments in provinces and cities to intensify review and inspection for imports of silament and polyester filament yarns originating from China, India and Indonesia.

On Sunday, the General Department of Customs said according to the data of customs procedures, it has discovered some problems in the inspection and determination of customs value for those fibre products.

Therefore, the general department has asked those customs departments to review the customs procedure data and update enough information on the data system.

They must have solutions for the situation of still accepting customs values according to declared prices.

Last month, the MoIT issued a decision on investigating anti-dumping duties on polyester filament yarn (PFY) with HS codes: 5402.33.00, 5402.46.00 and 5402.47.00 originating from China, India, Indonesia and Malaysia.

The investigation was conducted based on a 2019 request from the domestic manufacturers, which accounted for 67.4 per cent of the total domestic production. This investigation was for the period from January 1 until December 31, 2019 and reviewed the domestic PFY manufacturing industry’s losses in the period from 2017 to 2019.

The local enterprises have proposed the anti-dumping duty to be 17 per cent for filament yarn from China, 54.9 per cent for India’s products, 60.6 per cent for Indonesia’s products and 6.4 per cent for Malaysia’s products.

The MoIT would release the final anti-dumping duties for those products after the investigation ends.

According to General Department of Vietnam Customs, the amount of PFY imported into Viet Nam rose to 185,000 tonnes in 2019 from 154,000 tonnes in 2017. The sharp increase was considered a major cause of significant damage to Viet Nam's PFY manufacturing industry. — VNS

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