Wednesday, 8 February 2017

India extends temporary safeguard duties on some steel products by two months

Ripples Advisory Private Limited, Indore @9303093093

The Indian government has extended provisional anti-dumping duties on hot-rolled and cold-rolled flat products of alloy or non-alloy steel by another two months, a government notification said, to protect local mills and reduce overseas purchases. The Central Board of Excise and Customs imposed provisional anti-dumping duty late Tuesday on imports of the steel products from China, Japan, Korea, among others, the notification showed.

Safeguard measures cannot be imposed for a longer term until an investigation by the Directorate General of Anti-Dumping concludes.

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