WTO DSB adopts Appellate Body report favouring India
Sachin Manawaria | The Dollar Business Hot Rolled Carbon Steel Flat Products are usually used in the manufacture of durable products such as automobiles, heavy machinery, pipes, and construction products. The World Trade Organisations’ Dispute Settlement Body (DSB) has adopted the Appellate Body (AB) report in the case “US – Countervailing measures on certain hot-rolled steel flat products from India”, effectively forcing USA to accept the ruling which largely favoured India in the dispute over imposition of countervailing duty (CVD) on India’s export of Hot Rolled Carbon Steel Flat Products to USA. India has welcomed the move saying that this dispute is a significant milestone for India. It said that a number of countervailing duty measures imposed by USA ...
WTO Appellate Body rules in Indias favour over CVD on steel imports by USA
Bidhu Bhushan Palo | The Dollar Business Hot Rolled Carbon Steel Flat Products are usually used in the manufacture of durable products such as automobiles, heavy machinery, pipes, and construction products. The Appellate Body of the World Trade Organisation, the highest authority in dispute settlement among members, has ruled largely in favour of India regarding countervailing duties (CVD) imposed by USA on imports of Carbon Steel Flat Products from India. According to India’s Ministry of Commerce, the United States Department of Commerce (US DOC) had imposed Countervailing Duty (CVD) on India’s exports of Hot Rolled Carbon Steel Flat Products, which affected adversely India’s steel exports. One of the claims made by USA was over procurement of subsidised coal and iron ...
