AD Duty Extension on Stainless CR Steel from China & Korea
Following the conclusion of dumping investigations, India's Directorate General for Trade Remedies has recommended the continuation of antidumping duties
Following the conclusion of dumping investigations, India's Directorate General for Trade Remedies has recommended the continuation of antidumping duties on imports of cold rolled flat products of stainless steel of width ranging 600 mm to 1,250 mm and above from China and South Korea as there is likelihood of dumping and injury if the existing antidumping duties are allowed to cease. Directorate General for Trade Remedies said that AD rate of 57.39% will be applicable for China, 5.39% for Posco and 13.44% for other South Korean exporters for a period of five years from the date of notification to be issued by the department of revenue under the Ministry of Finance to implement the DGTR recommendations.
However, Directorate General for Trade Remedies has recommended removal of AD duties on imports of cold rolled flat products of stainless steel from the EU, Taiwan, US, Thailand and South Africa, as its investigations revealed insufficient evidence to show likelihood of continued dumping by cessation of existing AD rates.
DGTR had commenced a sunset review of existing AD duties on imports of the products from these seven countries following an application seeking continuation of the import protection by Jindal Stainless Steel Limited, Jindal Stainless Hisar Limited and Jindal Stainless Steelway Limited.
Product Under Review -Cold-rolled Flat products of stainless steel of width 600 mm to 1250 mm (width tolerance of+30 mm for Mill Edged and +4mm for Trimmed Edged) and of width above 1250 mm for non bonafide uses; of all series not further worked than Cold rolled; with a thickness of up to 4mm, excluding the following Grades AISI420 high carbon, 443, 441, EN 1.4835, 1.4547, 1.4539, 1.4438. 1.4318, 1.4833 and EN 1.4509
Further, the product under consideration excludes an importer who imports the subject goods for end use in the same form without slitting or slilted it into 2 or more subject goods, i.e., of sizes above 1250 mm (for example a 2600 mm piece slitted into two 1300 mm size pieces)
The product under consideration is classified under the category Base Metals and Articles of Base Metals in Chapter 72 of the Customs TariffAct, 1975 and further under 7219.31, 7219.32, 7219.33, 7219.34, 7219.35 and 7219.90