High Court Reinstates CVD on CR Stainless Steel Coils from China

The Gujarat High Court in Real Strips v Union of India has held that rescinding the CVD on the imports of Cold Rolled Stainlees Steel Coils from China via Impugned Notification dated 1 February 2022 was an illegal and irregular exercise of powers by the Central Government and the process of ongoing sunset review investigation could not have been disregarded while issuing such notification. The High Court ordered that the levy of CVD would continue even though the original Notification dated 7 September 2017 has outlived its five years.India had imposed definitive countervailing duty on the imports of Cold Rolled Stainless Steel Coils from China on 4 September 2017 for 5 years and was to continue till 6 September 2022. On 1 February 2021, the Central Government issued a Customs Notification suspending the CVD, first till 30 September 2021 and again till 31 January 2022 vide another notification. This opened the doors of imports from China of CRSS Coils thereby giving competition to the domestic manufacturers of CRSS Coils.In the meantime, a sunset review investigation was initiated by the Director General Trade Remedies vide Notification dated 8 October 2021 on an application filed by the domestic manufacturers of Cold Rolled Stainless Steel Coils.The Petitioner Real Strips is a manufacturer of Cold Rolled Stainless Steel Coils.

High Court Reinstates CVD on CR Stainless Steel Coils from China

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