India extends AD duty on HR stainless imports from three countries

Friday, 05 June 2020 13:42:05 (GMT+3)   |   Kolkata

India’s Department of Revenue under the Ministry of Finance has extended the antidumping duty on imports of hot rolled flat products of stainless steel from three countries for six months until December 4, 2020, according to a government notification.

According to the notification, the extension of antidumping duties until December 4 will be applicable for all inward shipments from China, Malaysia and S. Korea.

The antidumping levy will be applicable for hot rolled flat products of stainless steel of ASTM Grade 304, the notification said.

The levy at rates in the range of $180-306/mt was first imposed by the government on June 5, 2015, for a period of five years.

The temporary extension of the duty has been effected as the Directorate General of Trade Remedies (DGTR) will start a fresh review of trade of the products in question to determine whether there exists a need for the definitive imposition of the levy for another five years.

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