Indian Chamber of Commerce considers removing AD duties on steel
Indian APEX Chamber of Commerce and Industry announced today that it is contemplating over removing anti-dumping duties on imported steel products to help domestic steel producers.
Currently, customs duty on steel alloy is 15% however imports from
China are subject to 30% anti-dumping duty, making the total duty 45%.
Moreover, steel alloy and non-alloy imported from
Russia are subject to duties of 35% and 30% respectively.
The Indian Chamber of Commerce and Industry, determining that these higher duty rates make imports from these countries difficult, considers removing the duties so that steel consumers may import from these origins and will not have to face the higher prices of domestic steel producers.