Steel imports into India on rise despite anti-dumping duty
The Dollar Business Bureau In a move to protect domestic industry from over-dumping of low quality of steel and its products, the Indian government has decided to impose anti-dumping on import of steel products from three countries. Taking into consideration the recommendations by Customs Authority, the Central government has decided to impose anti-dumping duty on import of ‘Hot Rolled austenitic stainless steel flat products of 304 series’ from People’s Republic of China, the Republic of Korea and Malaysia, informed a Customs Notification NO.28/2015-Customs, dated June 5, 2015. Under implementation, the government will be imposing anti-dumping duties on import of said-goods from China, Malaysia and South Korea at duty amounts- $309, $316, $180 respectively, per metric tonne, for the ‘Hot Rolled austenitic stainless ...
