The Indian Government has said that it has imposed antidumping duty on imports of steel wire rods from China to protect domestic manufacturers from cheap in-bound shipments.
As per reports, the Department of Revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on import of wire road of alloy or non-alloy steel from China.
As per reports, the measure follows recommendation by the Directorate General of Anti-Dumping and Allied Duties (DGAD) that steel wire road was being exported by China below the normal value and the domestic industry has suffered material injury because of such imports.
According to a Government notification, “The anti-dumping duty imposed under this notification shall be effective for a period not exceeding six months (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency.
As per reports, the Department of Revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on import of wire road of alloy or non-alloy steel from China.
As per reports, the measure follows recommendation by the Directorate General of Anti-Dumping and Allied Duties (DGAD) that steel wire road was being exported by China below the normal value and the domestic industry has suffered material injury because of such imports.
According to a Government notification, “The anti-dumping duty imposed under this notification shall be effective for a period not exceeding six months (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency.
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