Wednesday , September 20 2017

DGAD recommends anti-dumping duty on steel pipes from China

Earlier in May 2016, the government had imposed a provisional anti-dumping duty for six months on seamless tubes and steel pipes, among others, imported from China.

DGAD

New Delhi: The Directorate General of Anti-Dumping and Allied Duties (DGAD) has suggested imposition of definitive anti-dumping duty on imports of steel tubes and pipes from China.

Earlier in May 2016, the government had imposed a provisional anti-dumping duty for six months on seamless tubes and steel pipes, among others, imported from China.

In March 2016, DGAD had suggested to the income department to impose provisional levy on import of certain types of iron and steel pipes from China used in oil and gas exploration in a bid to defend the local manufacturing from reduced imports.

In its modern notification, DGAD said: “The product under consideration has been exported to India from the subject country under its normal value, resulting in dumping.

The domestic manufacturing has suffered material injury due to dumping of the product under consideration from the subject country.” Its Final Findings report further said: “The material injury has been caused by the dumped imports from the subject country.”

Maharashtra Seamless and ISMT had moved DGAD for imposition of the duty on “seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel other than cast iron and stainless steel whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm”.

It also includes boiler pipes or line pipes used in the hydrocarbon manufacturing and casing and tubing of a kind used in drilling for oil and gas exploration. In the report, DGAD said it had initiated and conducted inquiry into dumping, injury and causal links… and having established positive dumping margin as well as material injury to the domestic manufacturing caused by such dumped imports the authority is of the view that imposition of definitive duty is essential to offset dumping and injury.

“Therefore, the authority recommends imposition of definitive anti-dumping duty on imports of subject goods from the subject country.,” it added. “Having regard to the smaller duty law, the authority recommends imposition of definitive anti-dumping duty equal to the lesser margin of dumping and margin of injury, so as to remove the injury to the domestic manufacturing.”

Facebook Comments
Rate this post

About admin

Check Also

Simran

Simran Box Office Collections

Kangana Ranaut praise from all directions. Simran has earned $ 120.0 million rupees at the ...