India’s Directorate General for Trade Remedies (DGTR) has recommended imposition of countervailing duties on welded stainless steel pipes and tubes imported from China and Vietnam, an Indian government official said on Monday, August 5, citing a DGTR investigation report.
The official said that the countervailing duty recommended ranged between 21.74 percent and 29.88 percent on the CIF value of imports from China and between 10.33 percent and 11.96 percent in the case of imports from Vietnam.
The DGTR recommendation will be forwarded to the Department of Revenue at the Ministry of Finance and thereafter official notification will be issued by the Central Board for Indirect Taxes. The countervailing duty will be for a period of five years effective from the date of such notification.
The DGTR conducted its investigations after receiving complaints that producer-exporters of these products to India received various subsidies from their respective governments and that imports of these goods incorporating subsidy elements in their export price “had caused material injury to domestic producers warranting levy of a countervailing duty,” the official said citing the DGTR investigation report.
The complaints to the DGTR had been filed by Steel Pipes and Tubes Manufacturers New Delhi, Stainless Steel Pipes and Tubes Manufacturers Association of Ahmedabad, South India Stainless Steel Pipes and Tubes Manufacturers Association and Haryana Stainless Steel Pipes and Tubes Manufacturers Association.