India slaps countervailing duty for period of 5 years on some Chinese steel products to guard domestic players

India slaps countervailing duty for period of 5 years on some Chinese steel products to guard domestic players

India has slapped countervailing duty (CVD) for a period of five years on certain Chinese flat steel products to guard domestic players from imports that are subsidised by the exporting nation. The notification issued by the Ministry of Finance prescribes a total of 18.95 percent CVD on imports of Stainless steel flat products from China for the next five years.The decision to impose CVD was taken by the finance ministry after the DGAD’s recommendation.

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