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India makes Final Countervailing decision on Indonesian stainless steel coils

Posted:2021-01-21 14:00:03

On January 15, 2021, the Ministry of Commerce and Industry of India announced that it would make a final affirmative decision on the countervailing of flat rolled products of stainless steel coils and sheets originating in or imported from Indonesia, and proposed to levy a countervailing tax on the products involved in Indonesia from October 9, 2020, with the tax rate of 18.83% - 24% of CIF. It is valid for 5 years. This case mainly involves products under customs codes 7219 and 7220 of India. The anti-dumping measures in this case are not applicable to the blade grade steel for razors, the stainless steel for coin blanks (customs code 73269099) and the stainless steel coils with a width greater than 1650 mm and a thickness greater than 80 mm.

On October 18, 2019, the Ministry of Commerce and industry of India announced that, in response to the joint application submitted by Jindal Stainless Steel Limited, Jindal Stainless Steel (Hisar) Limited, Jindal Stainless Steel Steelway Limited and Indian Stainless Steel Development Association, a countervailing investigation on stainless steel coils originating in or imported from Indonesia was filed Check. On August 7, 2020, India made a preliminary anti subsidy judgment on the case. On October 9, 2020, India imposed a temporary countervailing duty on the products originated from or imported from Indonesia, with the tax rate ranging from 22.31% to 24.83% of CIF.