Press Information Bureau

Government of India

Ministry of Finance

14-September-2015 19:43 IST

On the representations of the domestic steel industry, the Director General of Safeguards had initiated safeguard investigations into alleged increased imports and consequent injury to domestic industry and issued a preliminary finding dated 09.09.2015 recommending imposition of provisional safeguard duty at the rate of 20 % ad-valorem, for a period of 200 days on “Hot rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more” classifiable under heading 7208 or tariff item 7225 30 90Chapter 72 of the Customs Tariff Act, 1975.

The recommendations of the DG Safeguards were examined by the Standing Board on Safeguards, which after due deliberations confirmed the recommendations of the Director General of Safeguards for levy of provisional safeguard duty of 20% ad-valorem for 200 days on such goods.

The Central Government after examination has accepted the findings of DG (Safeguard). Accordingly, Notification is being issued imposing a provisional Safeguard duty effective from today on Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more [falling under heading 7208 or tariff item 7225 30 90] at the rate of 20% (twenty percent) ad-valorem for a period of 200 days.

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DSM/KA

Provisional safeguard duty on hot-rolled flat steel coils imposed, restricting certain imports for a limited temporary period. A notification imposes a provisional safeguard duty on hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more, falling under heading 7208 or tariff item 7225 30 90 of Chapter 72 of the Customs Tariff Act, 1975; the duty implements the Director General of Safeguards' recommendation, confirmed by the Standing Board on Safeguards and accepted by the Central Government, and is effective immediately for a limited period.