Govt likely to impose 18.95% duty on steel products from China
The Dollar Business Bureau In order to safeguard the domestic industry from cheap steel imports from China, the government is considering imposing 18.95% countervailing duty on the imports of some specific kind of flat steel products. The Directorate General of Anti-Dumping and Allied Duties (DGAD), in its final findings, has found out that despite enough demand in the country and its capacities, the local industry has lost opportunities for sales, which is a direct result of subsidised shipments from China. “The authority recommends imposition of definitive countervailing duty...so as to remove the injury to the domestic industry,” DGAD said in a notification. It has recommended that the actual duty should have to be the differentiation between quantum of proposed countervailing duty (that is 18.95%) ...
India challenges WTO ruling over US countervailing duties on steel
The Dollar Business Bureau | @TheDollarBiz Growing steel imports by US threaten the steel sector that supports over half a million jobs in US India has challenged the recent World Trade Organisation (WTO) ruling on countervailing duties (CVD) by USA on certain steel imports from Indian companies which were imposed due to alleged government support to the steel industry in India. India had first appealed against imposition of CVD by USA on hot rolled carbon steel flat products from India in 2012. After two years, in its July 2014 ruling, the WTO accepted a small number of claims by India, but dismissed the remaining claims. According to the Indian Commerce Ministry, the WTO Panel accepted that combining non-subsidized imports with subsidized ...
