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Tamil Nadu
Safeguard duty slapped on tapioca starch imports
Staff Reporter
SALEM:
The Centre has imposed the safeguard duty, for three years from this month, on the import of tapioca starch.
A duty of 33 per cent has been imposed for the first year beginning May 2, 23 per cent for the second and 13 for the third year.
The existing duty of 30 per cent will be revised to 63 per cent, according to a Central Government release.
The impost comes after domestic manufacturers won a case with the Director General of Safeguards, proving the damage caused by the increased imports during an investigation.
Thailand and Vietnam account for 99 per cent of the total imports. This is the 15th commodity that has been brought under the safeguard duty since 1997.
The tapioca starch manufacturers in the Salem region, who contribute 90 per cent of the total production in the country, have been badly hit by the liberal imports from Thailand and Vietnam.
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