The Ministry of Commerce imposes a provisional countervailing duty (CVD) on certain Indonesian metal products to protect domestic marks from subsidized imports.
In its initial findings, the Directorate-General for Commercial Remedies (DGTR), the department’s research arm, applied the law after concluding in its investigation that “flat stainless metal products” had been exported to India from Indonesia at subsidized prices.
Domestic industry has suffered significant injury as a result of subsidizing the product and it is mandatory to file the imposition of an interim countervailing tariff on these imports, DGTR said in a notification.
It controlled the view that the status quo of an interim countervailing duty was mandatory to offset subsidies and damages, pending the final touch of the investigation.
“The authority recommends the imposition of provisional compensation on Array imports … exported from the target country (Indonesia),” he said.
Price lists are 22.31 consistent with the penny, 22.65 consistent with the penny, and 24.83 cent-consistent for other Indonesian producers.
The Finance Department will make the last call to impose those duties.
In October last year, Control introduced an investigation into the alleged subsidized export of certain Indonesian metal products, following court cases of domestic industry.
The petitioners had alleged that producers/exporters of certain metal products in Indonesia had benefited from action subsidies gradually granted through the Indonesian government.
The Stainless Steel Development Association of India (ISSDA), Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steel had filed an application on behalf of the domestic industry with management, claiming that Indonesia under these products.
They had requested an anti-subsidy investigation into countervailing tasks on imports of goods.
Under World Trade Organization (WTO) global industry rules, a member country may impose anti-subsidy tasks on countervailing if a product is through the government of its trading partner.
These rights are advertising resources designed for the domestic industry. Subsidizing a product makes it competitive in terms of value in other markets.
Countries supply this to spice up their exports. India and Indonesia are members of the WTO. Indonesia is a major business spouse of India.
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