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Anti-dumping Duty imposed on Chinese Steel Products

Published on October 11, 2017
 The Central Government of India has imposed anti-dumping duty on imports of certain steel wire rods from China for five years

Anti-dumping Duty imposed on Chinese Steel Products
  • The decision is taken to guard the interest of domestic producers/marketers from cheap in-bound shipments.
  • Directorate General of Anti-dumping and Allied Duties (DGAD) which of commerce ministry recommended duty on such imports.
  • The duty would be the difference between the landed value of the steel products and $535 per tonne while for others, it should be the gap between the landed value and USD 546 per tonne.

What is Anti-Dumping Duty?

  • Countries impose anti-dumping duty to ensure if the domestic industry has been hurt by a surge in below-cost imports. 
  • As a counter-measure, duties under the multilateral WTO regime are imposed by the countries
  • The aim to impose anti-dumping duty is not to restrict imports but to ensure fair trade and provide opportunities to the domestic industries.

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