ALSO READIndian gold imports to drop back sharply after Q1 spike: WGC CORRECTED (OFFICIAL) - Indian gold imports to drop back sharply after Q1 spike: WGC Govt should not allow more sugar imports: NFCSF Natural rubber Feb output grows 54%, imports slump 51% Production at 7-year low triggers sugar imports (News Analysis)
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 April 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
ADD as % of landed value
(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-
People's Republic of China
5.39% to 13.44%
12.34% to 36.91%
4.58% to 5.39%
29.41% to 52.56%
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)