Safeguard Duty

Safeguard duty of 12% on steel may halt imports, hit MSMEs, says GTRI

Imposition of 12 per cent safeguard duty on five steel product categories may halt their imports and force importers to buy these goods from domestic players, who are likely to raise prices following the levy, think tank GTRI said on Tuesday. It said since Indian producers can not meet demand for specialised steels like abrasion-resistant plates, imports are essential but the new safeguard duty could raise input costs by 8-10 per cent, just like the recent hikes by local steel mills. The Global Trade Research Initiative (GTRI) said that "12 per cent safeguard duties with high threshold values, is expected to halt most imports, effectively forcing buyers to shift to domestic suppliers. Indian steel companies are likely to exploit this policy to raise prices further, a trend already evident with an 8-10 per cent price increase seen in recent months following news of the safeguard proposal." It raised concerns that the DGTR (Directorate General of Trade Remedies) recommended these duti

Tata Steel, SAIL, JSL gain up to 3% in trade today. Are they worth your money?

The Government announced the imposition of a 12% provisional safeguard duty on certain steel products to protect the domestic industry from injury due to a recent spike in imports of such products.

Govt imposes 12% safeguard duty on some steel products for 200 days

The finance ministry excluded developing countries from the safeguard duties other than China and Vietnam

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

Nomura bullish on Indian steel industry; maintains 'Buy' on JSW Steel, JSPL

Nomura has set a target price of Rs 1,220 and Rs 1,080 for JSW Steel and JSPL, respectively.

Commerce department examining steel ministry request on safeguard duty

Safeguard duty is a temporary tariff barrier imposed by a country to protect its domestic industry from surge in imports

BSF asks BGB to prevent infiltration of people into India from Bangladesh

The Border Security Force (BSF) has asked its Bangladeshi counterpart, Border Guard Bangladesh (BGB), to "prevent" citizens of the neighbouring country from illegally entering India in the wake of the Sheikh Hasina government's fall in August, the force said on Friday. The BSF also said it is committed to maintaining the sanctity of the 4,096-km international boundary, along with ensuring the safety and security of the border population. Since August 12, both the border-guarding forces -- BSF and BGB -- had 722 meetings at various levels, the force said after the meeting of a special committee appointed by the Ministry of Home Affairs (MHA), which was held in Kolkata on Thursday. Both the border-guarding forces carried out 1,367 simultaneous coordinated patrolling (SCP) in vulnerable border patches, the BSF said in a statement. "During these border meetings, BGB officials have been apprised to prevent Bangladeshi nationals from illegally infiltrating into Indian territory. The BGB

Man rescued from lift in Gurugram society slaps guards; FIR lodged

Soon after the man got out of the lift, he went about slapping Ashok Kumar, the apartment's security guard

Anti-dumping rejections due to public interest: CBIC chairman Vivek Johri

Differences over data interpretation for anti-dumping duty and safeguard duty another key factor, says CBIC chairman

Govt imposes safeguard duties on some steel imports

As in the case of hot rolled coils, the safeguard duty would be tapering, with the peak duty being 10%

Safeguard duty extension, an anti-SME move : EEPC

The Ministry of Finance yesterday extended safeguard duty on steel for two year