With an aim to protect domestic players and give a fillip to the sector, the government may impose an anti-circumvention duty on certain stainless steel products originating from seven destinations- China, Korea, EU, South Africa, Taiwan, Thailand and the US.
The government has resumed the investigations into circumvention of anti-dumping duties on cold-rolled flat products of stainless steel widths from 600 mm to 1,250 mm after the stay order was vacated by a court on March 8, 2017. The probe was initiated in February, 2016 by the Directorate General of Anti-Dumping and Allied Duties (DGAD), under the Commerce Ministry, on a complaint by Jindal Stainless, but it was stayed on April 27, 2016, by the Delhi High Court.
The DGAD in its earlier notification had stated that it has sufficient evidence of circumvention of anti-dumping duties leviable on cold-rolled flat products of stainless steel originating from these seven destinations. The probe would determine the existence, degree and effect of the alleged circumvention as well as examine the need to extend the existing anti-dumping duty to the circumventing products. It was alleged that the existing anti-dumping measures imposed in 2010, and amended later, are being circumvented.