Commerce Ministry Recommends Safeguard Duty on Imports of Certain Steel Items for 3 Years

The Commerce Ministry's arm, DGTR, has recommended final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from a sudden jump in inbound shipments.

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NEW DELHI:

The duty was recommended by the directorate general of trade remedies (DGTR) in its final findings of a probe initiated on a complaint by the Indian Steel Association.

Based on the preliminary findings, the government in April has already imposed a provisional 12 per cent safeguard duty for 200 days.

Now in its final findings, the DGTR has concluded that there is a recent, sudden, sharp, and significant increase in imports of PUC (product under consideration) into India at the cumulative level as a result of unforeseen developments and that these developments threaten to cause serious injury to the domestic industry/producers," the DGTR has said in a notification.