India imposes countervailing duty on some Chinese steel products for 5 years
September 9th, 2017
The Union Finance Ministry has imposed 18.95% countervailing duty (CVD) on certain Chinese flat steel products for period of five years to protect domestic players from cheap subsidised imports. The decision to impose CVD was taken by finance ministry based on the recommendation of Directorate General of Anti-Dumping and Allied Duties (DGAD).This is first case of imposition of CVD on any steel product in India.