New Delhi (ABC Live): Anti-Dumping Duty : The Government had imposed anti-dumping duty ranging from 4.58% to 57.39% of landed value on Cold Rolled Flat Products of Stainless Steel from China, Korea, European Union, South Africa, Taiwan, Thailand and USA on 17.04.2014.
Anti-dumping duty on the above items were further extended by five more years as per Government notification dated 11.12.2015. After a sunset review, it was found that:-
(i) there is continued dumping of these goods from above mentioned countries/territories though the volume of imports has declined;
(ii) the performance of the domestic industry has deteriorated in the current injury period due to the impact of the dumped imports from these countries; and
(iii) the dumping is likely to continue and the performance of the domestic industry is likely to deteriorate, if the anti-dumping duty is revoked.
Anti-dumping duty is imposed on the basis of margin of dumping which can vary across countries, producers or exporters. Accordingly, there are variable rates of anti-dumping duty on different exporting countries, producers or exporters. Details of country-wise Anti-Dumping Duty imposed are given below-
|S. No.||Country||ADD as % of landed value|
|1||People’s Republic of China||57.39%|
|2||Korea RP||5.39% to 13.44%|
|4||South Africa||12.34% to 36.91%|
|5||Thailand||4.58% to 5.39%|
|7||European Union||29.41% to 52.56%|
The Minister of State in the Ministry of Steel Shri Vishnu Deo Sai provided this information in reply to a question in Lok Sabha today.