Ministry of Finance announces revised anti-dumping duty on imports from Bangladesh and Nepal

The Ministry of Finance has revised its anti-dumping duty on imports from Bangladesh and Nepal. This change affects the duties on certain goods such as jute yarn/twine, hessian fabric, and jute sacking bags. The revised duty structure will have zero duty for some producers and higher duties for others, which will be in place for the remaining period of the existing anti-dumping duty imposed in December 2022. This move may impact trade between India and its neighboring countries.

Why it matters

The revised anti-dumping duty on imports from Bangladesh and Nepal is intended to protect India's domestic produce. This move may impact trade between the countries and affect the prices of certain goods.

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