CVD on imports of Welded Stainless Steel Pipes from China, Vietnam

Seeks to impose countervailing duty (CVD) on imports of Welded Stainless-Steel Pipes and Tubes originating in or exported from China PR and Vietnam

The Ministry of Finance, through Notification No. 04/2024-Customs (CVD) dated September 10, 2024, has imposed a countervailing duty on welded stainless-steel pipes and tubes imported from China and Vietnam. The decision follows the final findings of the Directorate General of Trade Remedies (DGTR), which concluded that the cessation of the duty would likely lead to the continuation of subsidies and injury to the domestic industry. The duty applies to tariff items under the Customs Tariff Act, 1975, and ranges from 11.96% to 29.88% of the CIF value, depending on the country of origin, country of export, and producer. Some Vietnamese producers, such as Sonha SSP and Steel 568, are exempt from the duty. The duty will be imposed for a period of five years, unless revoked or amended earlier. The notification ensures that the exchange rate for calculating the duty will be as per the prevailing rate at the time of filing the bill of entry. This move aims to protect India’s domestic stainless-steel pipe and tube manufacturing industry from subsidized imports, particularly from China and Vietnam, ensuring fair competition in the market.

MINISTRY OF FINANCE
(Department Of Revenue)
NOTIFICATION
New Delhi

Notification No. 04/2024-Customs (CVD) | Dated: 10th September, 2024

G.S.R. 559(E). —:Whereas, in the matter of “Welded Stainless-Steel Pipes and Tubes”(hereinafter referred to as the subject goods) falling under tariff items 7304 11 10, 7304 11 90, 7304 41 00, 7304 51 10, 7304 90 00, 7305 11 29, 7305 90 99, 7306 11 00, 7306 21 00, 7306 29 19, 7306 30 90, 7306 40 00, 7306 50 00, 7306 61 00, 7306 69 00, 7306 90 11, 7306 90 19 and 7306 90 90 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in or exported from China PR and Vietnam (hereinafter referred to as the subject countries), and imported into India, the designated authority in its final findings, published in the Gazette of India, Extraordinary, Part I, Section 1 vide notification No. 7/23/2023-DGTR, dated the 15th June, 2024 read with corrigendum dated 28th August, 2024 has inter alia come to the conclusion that the cessation of countervailing duty is likely to lead to continuation or recurrence of subsidisation and injury to the domestic industry and has recommended continued imposition of countervailing duty on imports of the subject goods originating in or exported from the subject countries;

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (6) of section 9 of the Customs Tariff Act read with rules 20, 22 and 24 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 4/2019-Customs (CVD), dated the 17^th September, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 665(E), dated the 17^th September, 2019, except as respects things done or omitted to be done before such supersession, the Central Government, after considering the aforesaid final findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in column (3) of the Table below, falling under tariff items of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2), originating in the countries as specified in the corresponding entry in column (4), exported from the countries as specified in the corresponding entry in column (5), produced by the producers as specified in the corresponding entry in column (6), and imported into India, a countervailing duty at the rate specified in the corresponding entry in column (7) of the said Table, namely:−

TABLE

Note :- The customs classification is only indicative and not binding on the scope of the product under consideration.

2. The countervailing duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.

Explanation. – For the purposes of this notification,−

(a) the rate of exchange applicable for the purposes of calculation of such countervailing duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Act and,

(b) “CIF value”means the assessable value as determined under section 14 of the Customs Act, 1962 (52 of 1962).

[F. No. 190354/120/2024-TRU]
DILMIL SINGH SOACH, Under Secy.