India’s Directorate General of Trade Remedies (DGTR) has recommended the continuation of countervailing duties (CVD) on welded stainless steel pipes and tubes imported from China and Vietnam, a government official said citing an official notification.
The DGTR has recommended continuation of the 29.88 percent CVD as following investigations it concluded that imports of the product from China and Vietnam were injurious to domestic producers.
The recommendation will now be forwarded to the department of revenue under the ministry of finance for official notification and to give effect to the levy.
The CVD was first imposed in September 2019, while the DGTR, a trade investigative body under the ministry of commerce, commenced a ‘sunset review’ of the levy in July 2023.
The DGTR said that withdrawal of the antisubsidy duty would harm domestic producers, highlighting the excess production in China and the declining domestic demand in India.