CBEC extends anti-dumping duty on alloy and non-alloy imports for 2 months
The Dollar Business Bureau The Central Board of Excise and Customs has extended the anti-dumping duties imposed on imports of Hot-rolled and Cold-rolled flat products of alloy or non-alloy steel from People's Republic of China, Japan, Korea RP, Russia, Brazil, Indonesia and Ukraine for another two months. This is a provision to protect the business interests of local manufacturers and to reduce the dependency on imports. This was conveyed via notification no’s: No.5 & No.6/2017-Customs (ADD) dtd Feb 7, 2017. The government has to make periodic amendments to the safeguard measures until the investigation by the Director General of Anti-Dumping concludes as the anti-dumping duty cannot be imposed for a longer term. The domestic steel lobby including JSW, Essar Steel and the Steel Authority ...
Centre okays 20% safeguard duty on steel imports, industry cheers
Deepak Kumar | The Dollar Business The government on Monday announced that it has imposed 20% safeguard duty for a period of 200 days on inward shipment of certain steel products to curb its surging imports. The steel products under consideration were “hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more”. “The recommendations of the DG Safeguards were examined by the Standing Board on Safeguards, which after due deliberations confirmed the recommendations of the Director General of Safeguards for levy of provisional safeguard duty of 20% ad-valorem for 200 days on such goods,” said the Ministry of Finance in a statement. The Director General of Safeguards had earlier carried out an ...
