Govt begins probe into steel goods dumping from China, EU
Essar Steel India and JSW Steel Coated Products had filed a petition before the Directorate General of Anti-Dumping and Allied Duties (DGAD) for initiation of anti-dumping investigation and imposition of taxes on the alleged dumped imports of "colour coated/pre-painted flat products of alloy or non-alloy steel" originating in or exported from China and the EU.
The DGAD said it "prima facie finds sufficient evidence of dumping" of the products from these two regions.
"The authority hereby initiates an investigation into the alleged dumping causing consequent injury to the domestic industry...to determine the existence, degree and effect of dumping, and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry," the DGAD said in a notification.
The period of investigation covers April-December 2015. However, the injury investigation period will also cover 2012-2014.
Besides, it said that the applicants have claimed that the products being produced by the domestic industry are similar to the items being dumped into India. They have also requested for retrospective imposition of anti-dumping duty, it added.