Measures to Protect & Promote Domestic Steel Industry Against Cheap Steel Imports

TG Team 06 Feb 2017 771 Views 0 comment Print Custom Duty | News

Press Information Bureau
Government of India
Ministry of Steel
06-February-2017 17:26 IST

Measures to Protect and Promote the Domestic Steel Industry Against Cheap Steel Imports

The Ministry of Steel has brought cold reduced low carbon sheets and strips and cold rolled strips under the quality control order vide order dated 18^th December 2015.

The Government had notified anti-dumping duty vide Notification No. 61/2015-Customs (ADD) on imports of Cold Rolled Stainless Steel Flat products. The duty rates vary from 4.58% to 57.39% depending on the country and producer.

There are different rates of duty applicable to different countries. The duty rates vary from 4.58% applicable on exports from Thailand to 57.39% on any exports from China. The detailed duty structure is provided in Annexure-I.

In order to protect and promote the domestic steel industry the Government has taken following measures:-

Increased the peak rate of basic customs duty on both flat and non-flat steel to 15% from 10%.
Increased the import duty on flat rolled steel @ 10% on long and semi finished products.
Levied the Anti-Dumping Duty on imports of certain variety of hot-rolled flat products of stainless steel from China.
Levied the Anti-Dumping Duty for five years on imports of cold rolled Flat products of stainless steel.
Government has notified Minimum Import Price (MIP) to provide a level playing field to domestic producers against the injury caused as evident from the decline in margins of the producers.
Imposed the Safeguard Duty of 20% on hot-rolled flat products of non-alloy and other alloy steel, in coils.

Annexure-I

Anti-Dumping Duty imposed on 11^th December 2015

#	Tariff heading	Description of goods	Specification	Countries/ Territories of origin	Countries/ Territories of export	Producer			Exporter	% of landed value
1	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	People’s Republic of China	Any	Any			Any	57.39%
2	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than the subject countries/territories	People’s Republic of China	Any			Any	57.39%
3	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Korea RP	Korea RP	POSCO			Hyundai Corporation and Daewoo International Corporation	5.39%
4	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Korea RP	Korea RP	Any combination other than above combination				13.44%
5	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Korea RP	Any	Any			Any	13.44%
6	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than the subject countries/ territories	Korea RP	Any			Any	13.44%
7	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Chinese Taipei	Any	Any			Any	15.93%
8	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than the subject countries/ territories	Chinese Taipei	Any			Any	15.93%
9	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	South Africa	South Africa	Columbus Stainless (Pty) Ltd.			Columbus Stainless (Pty) Ltd.	12.34%
10	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	South Africa	South Africa	Any combination other than above combination				36.91%
11	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	South Africa	Any	Any	Any			36.91%
12	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than subject countries/territories	South Africa	Any	Any			36.91%
13	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Thailand	Thailand	POSCO Thainox	POSCO Thainox and Hyundai Corporation			4.58%
14	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Thailand	Thailand	Any combination other than above combination				5.39%
15	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Thailand	Any	Any		Any		5.39%
16	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than the subject countries/ territories	Thailand	Any		Any		5.39%
17	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	USA	Any	Any		Any		9.47%
18	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than the subject countries/ territories	USA	Any		Any		9.47%
19	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	European Union	European Union	Acerinox Europa SAU, Spain		Acerinox Europa SAU, Spain		29.41%

#	Tariff heading	Description of goods	Specification	Countries/ Territories of origin	Countries/ Territories of export	Producer	Exporter	% of landed value
20	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	European Union	European Union	Any combination other than the above combination		52.56%
21	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	European Union	Any	Any	Any	52.56%
22	7219	Cold-rolled Flat products of stainless steel	All Grades, All Series except the exclusions as per Note below	Any country other than the subject countries/ territories	European Union	Any	Any	52.56%