SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India imposes anti-dumping duty on imports of certain stainless steel products

26 Oct 2017 Evaluate

In order to protect local producers from cheap imports, India has imposed anti-dumping duty on certain stainless steel products from China, Taiwan (Chines Taipei) South Korea, South Africa, Thailand, the United States of America, and the European Union. Following recommendation by the Directorate General of Anti- Dumping and Allied Duties (DGAD), the duty has been imposed by the revenue department.

The government in its notification has said that the levy ranges between 4.58 percent and 57.39 percent of the landed value of cold-rolled flat products of stainless steel. The duty exempts certain grades of stainless steel and will be in effect until December 10, 2020. The government has also allowed import of the product as long as the end use of the import is in the same form.

The government recently had imposed an anti-dumping duty on the import of some flat steel products from China and the European Union for five years. Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime. Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: