ANNOUNCEMENT 12 Apr 2016
In April 2016, the government of India initiated a new anti-subsidy investigation. Definitive countervailing duties were imposed in September 2017.
NUMBER OF INTERVENTIONS
Government of India, Ministry of Commerce and Industry, Department of Commerce, Directorate General of Anti-Dumping & Allied Duties, Initiation Notification of 12 April 2016: http://commerce.nic.in/DOC/writereaddata/traderemedies/adint_Countervailing_Duty_Anti_subsidy_Hot_Rolled_Cold_Rolled_Stainless_Steel_Republic%20of%20China.pdf
Government of India, Ministry of Finance, Department of Revenue, Notification No. 1/2017-Customs (CVD), 07.09.2017: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-others2017/cs-cvd-01-2017.pdf
On 12 April 2016, the Indian Directorate General of Anti-dumping & Allied Duties, Ministry of Commerce and Industry, initiated an anti-subsidy investigation on imports of certain hot-rolled and cold-rolled stainless steel flat products originating in China. The products subject to investigation are classified under the following HS codes: 7219 and 7220. This investigation follows the application lodged by Jindal Stainless Limited and Jindal Stainless (Hisar) Limited on behalf of the domestic industry.
On 7 September 2017, the Indian Ministry of Finance, Department of Revenue imposed a definitive countervailing duty on imports of the subject good from China. The rate of duty is 18.95% of the landed value. The duty is in force for a period of five years.