Anti-dumping duty imposed on certain Chinese steel products

NEW DELHI: Centre has imposed antidumping duty on imports of steel wire rods from China to protect domestic manufacturers from cheap in-bound shipments.

The Department of Revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on import of wire road of alloy or non-alloy steel from China.

The measure follows recommendation by the Directorate General of Anti-Dumping and Allied Duties ( DGAD) that steel wire road was being exported by China “below the normal value” and “the domestic industry has suffered material injury” because of such imports.

In its September 27 finding, the DGAD also stated that “the injury has been caused by the dumped imports of the subject goods” from China.

An anti-dumping duty equivalent to the difference between the landed value of steel products and $499 per tonne will be imposed on products exported by Minmetals Yingkou Medium Plate Co Ltd. In case of other producers, the antidumping duty would be the difference between the landed value and$538 per tonne, the notification said.

“The anti-dumping duty imposed under this notification shall be effective for a period not exceeding six months (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency,” the November 2 notification said.

The 'landed value' of imports was defined as the assessable value as determined by the customs and includes all duties of customs.