GSTnews item2 August 2019
Anti-dumping duty likely on certain type of steel from Brazil, China, Germany
News Update
Anti-dumping duty likely on certain type of steel from Brazil, China, Germany
The government may impose an anti-dumping duty of up to USD 3,263 per tonne on imports of a certain type of steel from Brazil, China, and Germany for five years, according to a government notification. The commerce ministry's investigation arm DGTR has recommended the duty after concluding its probe on alleged dumping of 'High Speed Steel of Non Cobalt Grade' being imported from these three countries. This steel is used for making high-speed steel-cutting tools. It has concluded that the product has been exported to India from these nations below its normal value, which was resulting in dumping of the product.
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