Categories: Business

Government extends anti dumping duty on certain steel items

Photo: GOOGLE

Anti dumping duty on steel

new Delhi. The government has extended the anti-dumping duty on some steel products till December 4. This step has been taken to protect domestic companies from dumping cheap goods from China, Malaysia and South Korea. Anti-dumping duties have been levied on "hot rolled" flat products including stainless steel 304 series steel sheets.

The Finance Ministry first imposed a duty on these products for five years on 5 June 2015. The charges range from 180 to 316 dollars per ton. "The anti-dumping duty will remain in force till December 4, 2020," the Revenue Department said in a notification. The Directorate General of Trade Remedies (DGTR), the investigative unit of the Ministry of Commerce, after examining "hot rolled" "flat" products imported from these countries. But it was recommended to increase the fee for six months. The DGTR recommends the levy while the Finance Ministry executes it.

This post was published on June 4, 2020 7:56 pm

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