Centre extends anti-dumping duty on seamless tubes, pipes till October
The Centre has extended anti-dumping duty on some types of seamless tubes and pipes up to 31 October. The decision comes to check and guard the domestic manufacturers from poor-quality Chinese products.
The Central Board of Indirect Taxes and Customs (CBIC) has announced that the anti-dumping duty shall remain valid till 31 October until revoked, superseded, or amended before the date.
The duty on seamless tubes, pipes, hollow structures of iron, alloy or non-alloy of steel (apart from cast iron and stainless steel), hot finished, cold drawn, or cold rolled will have an external diameter of not more than 355.6 mm, as first imposed during May 2016 for five years.
The Directorate General of Trade Remedies (DGTR), the Ministry of Commerce and Industry's investigating arm, suggested an extension of duty after announcing an investigation. Although DGTR recommends a levy of the duty, the Ministry of FInance imposes it.
Countries begin the anti-dumping investigation to determine whether the domestic manufacturers are hurt by the below-cost imports. As a countermeasure, they impose duties on the multilateral WTO regime.
The anti-dumping actions are taking place to ensure fair trade and provide a level-playing area to the domestic manufacturers. It is not a measure or cause for the increase in the cost of products. India has started maximum cases of anti-dumping against cheap imports from China.
