Anti-Dumping Duty on Steel imports

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Anti-Dumping Duty
Steel

The Government had imposed anti-dumping duty ranging from 4.58% to 57.39% of landed value on Cold Rolled Flat Products of Stainless Steel from China, Korea, European Union, South Africa, Taiwan, Thailand and USA on 17.04.2014.

Anti-dumping duty on the above items were further extended by five more years as per Government notification dated 11.12.2015. After a sunset review, it was found that:-

(i) there is continued dumping of these goods from above mentioned  countries/territories though the volume of imports has declined;

(ii) the performance of the domestic industry has deteriorated in the current injury      period due to the impact of the dumped imports from these countries; and

(iii) the dumping is likely to continue and the performance of the domestic industry is likely to deteriorate, if the anti-dumping duty is revoked.

Anti-dumping duty is imposed on the basis of margin of dumping which can vary across countries, producers or exporters. Accordingly, there are variable rates of anti-dumping duty on different exporting countries, producers or exporters. Details of country-wise      duty imposed are given below-

S. No. Country ADD as % of landed value
1 People’s Republic of China 57.39%
2 Korea RP 5.39% to 13.44%
3 Chinese Taipei 15.93%
4 South Africa 12.34% to 36.91%
5 Thailand 4.58% to 5.39%
6 USA 9.47%
7 European Union 29.41% to 52.56%

 

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Saurabh
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