The Government had imposed anti-dumping duty ranging from 4.58% to 57.39% of landed value on Cold Rolled Flat Products of Stainless Steel from China, Korea, European Union, South Africa, Taiwan, Thailand and USA on 17.04.2014.
Anti-dumping duty on the above items were further extended by five more years as per Government notification dated 11.12.2015. After a sunset review, it was found that:-
(i) there is continued dumping of these goods from above mentioned countries/territories though the volume of imports has declined;
(ii) the performance of the domestic industry has deteriorated in the current injury period due to the impact of the dumped imports from these countries; and
(iii) the dumping is likely to continue and the performance of the domestic industry is likely to deteriorate, if the anti-dumping duty is revoked.
Anti-dumping duty is imposed on the basis of margin of dumping which can vary across countries, producers or exporters. Accordingly, there are variable rates of anti-dumping duty on different exporting countries, producers or exporters. Details of country-wise duty imposed are given below-
|
S. No.
|
Country
|
ADD as % of landed value
|
|
1
|
People’s Republic of China
|
57.39%
|
|
2
|
Korea RP
|
5.39% to 13.44%
|
|
3
|
Chinese Taipei
|
15.93%
|
|
4
|
South Africa
|
12.34% to 36.91%
|
|
5
|
Thailand
|
4.58% to 5.39%
|
|
6
|
USA
|
9.47%
|
|
7
|
European Union
|
29.41% to 52.56%
|
The Minister of State in the Ministry of Steel Shri Vishnu Deo Sai provided this information in reply to a question in Lok Sabha today.
YSK/MI