GSTnews item9 September 2015

Safeguards duty proposed on steel imports for 200 days with immediate effect

News Update

Safeguards duty proposed on steel imports for 200 days with immediate effect

Published Date: Sep 10, 2015
Source: ICAI PD Committee
Directorate general (safeguards) has recommended provisional safeguards duty of 20 per cent ad valorem for a period of 200 days on imports of hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more into India with immediate effect. “On the basis of analysis of the application filed by the domestic industry and the injury parameters, it is observed that the domestic industry is suffering serious injury/threat of serious injury in respect of market share, profits/losses, inventory, decline in domestic selling prices etc,” directorate general said on Wednesday.
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