India levies anti-dumping duty on steel from China, EU, US

India levies anti-dumping duty on steel from China, EU, US
27/10/2017 , by , in ALLIED

India has slapped anti-dumping duty on certain stainless steel products from the EU and several other nations including China and Korea to protect the domestic industry from cheap imports. The duty has been imposed by the revenue department following recommendation by the Directorate General of Anti- Dumping and Allied Duties (DGAD).

The anti-dumping duty will be imposed on the imports of stainless steel products from China, Taiwan (Chinese Taipei) South Korea, South Africa, Thailand, the United States of America, and the European Union.

As per a notification issued by the department, the levy ranges between 4.58 per cent and 57.39 per cent of the landed value of cold-rolled flat products of stainless steel. The duty will be in effect until December 10, 2020 while exempting certain grades of stainless steel from the levy.

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