India has imposed provisional antidumping (AD) duty on flat rolled products of steel, plated or coated with alloy of aluminum and zinc imported from China, Vietnam and Korea, a government official said on Wednesday, October 16.
He said that Directorate General for Trade Remedies (DGTR) is conducting antidumping investigations of imports of these products from these three countries and in its preliminary findings it has found significant rise in volume imports into India at below their normal values and causing injury to domestic manufacturers.
Based on the recommendations of DGTR, the Central Board of Indirect Taxes (CBIC) under the Ministry of Finance issued the notification imposing the AD duty for a period of 6 months effective from October 15, 2019, the official said.
The AD rates range between $28.67/mt and $113.49/mt on products from South Korea, $45.35/mt and $199.53/mt in case of imports from Vietnam, and $68.08/mt and $129.59/mt in case of products imported from China, according to an official notification of CBIC.
The AD duty would however not include flat steel coated products with zinc but without aluminium and flat steel products coated with aluminium but without zinc, the CBIC notification clarified.