Wednesday, Apr 24, 2024 | Last Update : 05:01 PM IST
India slaps anti-dumping duty on steel products
Dept of revenue in a notification said that the duty is being imposed for six months on the imports from these countries.
New Delhi: India has imposed anti-dumping duty on some steel products imported from China and the European Union to protect the domestic players from cheap inbound shipments.
India has slapped duty on ‘pre-painted, colour coated or organic coated flat steels in coils or not in coils whether or not with metallic coated substrate of zinc, aluminium-zinc or any other substrate coating, excluding plates of thickness 6mm or more’.
The department of revenue in a notification said that the anti-dumping duty is being imposed for six months on the imports from these countries. The directorate- general of anti-dumping and allied duties had recommended that these steel items was being exported at below the normal value.
