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India Imposes Anti Dumping Duty on Indonesian Stainless Steel Coils
Time:2021-01-21 Source:Wuxi Hongwang Hits:345

India's Ministry of Commerce and industry announced on January 15,2021 that it had made a positive final decision on the anti subsidy case of Indonesian stainless steel plate and coil, and proposed to levy 18.83-24% anti subsidy tax on CIF price. It is valid for 5 years. This case involves the products under Indian customs No. 7219 and 7220, excluding stainless steel coils for the production of razors and coins, and stainless steel coils with a width greater than 1650 mm and a thickness greater than 80 mm.


Indonesian stainless steel coils


In response to the joint application of Jindal stainless steel limited, Jindal stainless steel (Hisar) Limited, Jindal stainless steel steelway limited and India Stainless Steel Development Association, the Ministry of Commerce and industry of India launched a countervailing investigation on Indonesian stainless steel coils in October 2019, then made a preliminary determination in August 2020, and imposed a temporary countervailing tax of 22.31-24.83% on CIF price on October 9 of the same year.


Indonesian stainless steel coils


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