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.