INVESTIGATION PROGRESS

Date Status
23 Nov 2016 Definitive duty
07 Dec 2015 Initiation

IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 Nov 2016 | Removal date: 23 May 2015

Safeguard

On 7 December 2015, the Indian Directorate General of safeguards initiated a safeguard investigation on imports of hot-rolled flat sheets and plates (excluding hot rolled flat products in coil) of alloy or non-alloy steel into India. The products subject to investigation are classified under HS code subheading 7208, 7225.40413, 7225.4019, 7225.4020, 7225.4030 and 7225.9900. This follows the application lodged on 28 October 2015 by M/S Steel Authority of India Limited, M/S Essar Steel India Limited, M/S JSW Steel Limited and M/S Jindal Steel & Power Ltd.
 
On 23 November 2016, the Indian Ministry of Finance issued the Customs Notification imposing a definitive safeguard duty on imports of hot-rolled flat sheets and plates (excluding hot rolled flat products in coil) of alloy or non-alloy steel. The rate of duty is 10% ad valorem (minus any possible anti-dumping duty) from 23 November 2016 for one year. The rate of duty is 8% ad valorem (minus any possible anti-dumping duty) from 23 November 2017 for one year. The rate of duty is 6% ad valorem (minus any possible anti-dumping duty) from 23 November 2018 for 6 months. The rate of duty is only applicable for imports of the subject good with an import price on CIF basis below USD 504 per tonne. The safeguard duty expires on 23 May 2019.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7208 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, hotrolled, not clad, plated or coated.
720810 In coils, not further worked than hotrolled, with patterns in relief
720825 Of a thickness of 4.75 mm or more
720826 Of a thickness of 3 mm or more but less than 4.75 mm
720827 Of a thickness of less than 3 mm
720836 Of a thickness exceeding 10 mm
720837 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720838 Of a thickness of 3 mm or more but less than 4.75 mm
720839 Of a thickness of less than 3 mm
720851 Of a thickness exceeding 10 mm
720852 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720890 Other
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722540 Other, not further worked than hotrolled, not in coils
722599 Other

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