- India has imposed anti-dumping duties of up to 185.51 US dollars per tonne for five years on certain varieties of Chinese steel to protect the interest of the domestic players.
- An official notification said the revenue department has imposed the duty based on the recommendations of the Directorate General of Trade Remedies (DGTR).
- This followed a joint application by domestic steel industries including JSW Steel Ltd, Sunflag Iron & Steel Co, Usha Martin, Gerdau Steel India, Vardhman Special Steels and Jayaswal Neco Industries before the DGTR for initiating investigations and levying anti-dumping duties on some steel products.
- While recommending the anti-dumping duty, DGTR said the goods have been exported to India from China below normal value and the domestic industry has suffered a material injury on account of the imports.
Published On : 19 Oct 2018
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