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Article: Govt slaps anti-dumping duty on stainless steel products.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- April 23, 2009
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Govt slaps anti-dumping duty on stainless steel products
New Delhi, Apr 23 (PTI) The Government has imposed a provisional anti-dumping duty on certain high-end stainless steel products to guard domestic industry from surges in cheap imports from China, Thailand and the US.
The Finance Ministry notified a maximum levy of USD 1,823 per tonne on import of cold-rolled flat stainless products, mainly used by the automotive industry, for a period of six months, as recommended by the Directorate General of Anti-dumping and Allied Duties (DGAD).
"The domestic industry had suffered material injury, the injury had been caused by the dumped imports from ...