India’s textile and apparel industry has strongly opposed the proposed anti-dumping duty on MEG, warning it could negate recent GST relief and disrupt the polyester value chain.
Industry bodies say the duty may raise MEG costs by around 20 per cent, worsen the inverted duty structure, threaten MSMEs, stall investments, and jeopardise jobs, urging the Finance Ministry to reject the recommendation.
Industry bodies say the duty may raise MEG costs by around 20 per cent, worsen the inverted duty structure, threaten MSMEs, stall investments, and jeopardise jobs, urging the Finance Ministry to reject the recommendation.
