The Finance Ministry has slapped definitive anti-dumping duty on cold-rolled flat products of stainless steel from seven countries.
The countries on which anti-dumping duty has been imposed are China, South Korea, Chinese Taipei, South Africa, Thailand, the US and the European Union.
The latest Revenue Department move follows recommendation from the designated authority in the Commerce Ministry in its sunset review investigations.
Jindal Stainless Ltd, a domestic producer, had filed the petition seeking sunset review investigation on cold rolled flat products of stainless steel from these seven countries
The anti-dumping duty – which will be valid for five years – ranged from 4.58 per cent to 57.39 per cent of the landed value depending on the country of export.
Imports from China will attract the maximum duty at 57.39 per cent of the landed value.
Anti-dumping duty of 5.39 per cent has been levied on cold rolled flat products of stainless steel produced by POSCO and exported by Hyundai Corporation and Daewoo International Corporation of South Korea.
For other producers and exporters, the anti-dumping duty has been pegged at 13.44 per cent.
In the case of Chinese Taipei, the anti-dumping duty has been pegged at 15.93 per cent. For imports from the US, the duty has been pegged at 9.47 per cent of landed value. In the case of the EU, it ranged from 29.41 per cent to 52.56 per cent on the landed value of imports.