No Anti-Dumping Duty on Import of Certain Steel Products
The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR). The commerce ministry’s investigation arm DGTR had conducted a probe against imports of ‘Cold Rolled/cold reduced flat steel products of iron or Non-Alloy Steel, or other Alloy Steel of all width and thickness – not clad, plated or coated’ and ‘Hot Rolled flat products of alloy or non-alloy steel’, following complaints filed by domestic manufacturers of the respective products. On both these categories of steel, the directorate on September 14, 2021, had recommended the imposition of definitive anti-dumping duties. While DGTR recommends the duty, the Department of Revenue takes the final decision to impose the duties. In separate office memorandums, the department has said that “the central government, after considering the final findings of the designated authority (DGTR), has decided not to accept the recommendations”. The directorate had concluded in its findings that cold-rolled products are being dumped by companies from China, Japan, Korea and Ukraine; and hot-rolled goods are dumped from China, Japan, Korea, Russia, Brazil and Indonesia.
Tags : ALLIED Finance Ministry Government Anti-Dumping Duty Steel Products DGTR Department of Revenue