TaxTMI 
TaxTMI 
Anti-dumping Duty on the import of Specified Stainless Steel Products for providing relief to the Domestic Steel Industry
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....nti-dumping Duty on the import of Specified Stainless Steel Products for providing relief to the Domestic Steel Industry <br>News and Press Release<br>Dated:- 4-8-2018<br><BR>The Government has imposed Anti- Dumping Duties on imports of specified Stainless-Steel Products vide: Notification No 61/2015- Customs (ADD) dated 11.12.2015 on imports of Cold Rolled Flat Products of Stainless Steel origin....
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....ating in or exported from China, Korea RP, European Union, South Africa, Chinese Taipei, Thailand and USA @ ranging from 4.58% to 57.39% of landed value for a period five years with effect from 11.12.2015. Notification No 28/2015-Customs (ADD) dated 05.06.2015 on imports of Hot-Rolled Flat Products of Stainless Steel origination in or exported China. Korea RP and Malaysia @ ranging from $ 180 PMT....
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.... to $ 316 PMT for a period of five years with effect from 05.06.2015. As per Sub-section (1) and (5) of section 9 A of the Customs Tariff Act, 1975 read with rules 18, 20 and 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, provide for imposition of anti-dumping duty for a period not exceeding....
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.... five years from the date of its imposition, unless the designated authority comes to a conclusion, on a review initiated before that period, that the expiry of the said anti-dumping duty is likely to continuation or recurrence of dumping and injury to the domestic industry. Government has imposed anti- dumping duties on imports of specified Cold Rolled Stainless-Steel Products from various count....
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....ries inter-alia as under: Countries/ Rate of anti-dumping duty (% of landed value) Territories of origin China 57.39% Korea RP (i) 5.39%, [ producer POSCO with exporter Hyundai (ii) Corporation or Daewoo International Corporation] 13.44% for other than (i) above Chinese Taipei 15.93% South Africa (i) 12.34% [ producer Columbus Stainless (Pty) Ltd with exporter Col....
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....umbus Stainless (Pty) Ltd] (ii) 36.91% for other than (i) above Thailand (i) 4.58% [producer POSCO Thainox with exporter POSCO (ii) Thainox or Hyundai Corporation] 5.39% for other than (i) above USA 9.47% European Union (i) 29.41% [ producer Acerinox Europa SAU, Spain with exporter Acerinox Europa SAU, Spain] (ii) 52.56% for other than (i) above. Anti-dumping duty is ....
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....imposed on dumped articles, which causes injury to domestic industry and rate of anti-dumping duty is determine based on dumping margin. The dumping margin may vary from country to country and accordingly rate of anti-dumping duty also varies. This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Lok Sabha.<BR> News - Press release - PIB....