Govt imposes duty on Chinese stainless steel products

Products being imported on subsidised rate was hurting the domestic industry

Providing relief to the domestic industry, the government has imposed 18.9 per cent countervailing duty on Chinese hot and cold rolled stainless steel products.

These products were being imported from China at a subsidised rate, which was hurting the domestic industry, the Central Board of Excise and Customs said.   

Hailing the decision, Jindal Stainless Vice-Chairman Abhyuday Jindal said, “The decision will encourage production of the metal within the country and will provide some relief to the domestic industry.” Jindal Stainless and Jindal Stainless (Hisar) had filed the petition on behalf of the domestic industry.

The industry now expects better quality compliance as