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of <h1>India Imposes Countervailing Duty on Chinese Steel Imports to Protect Domestic Industry; Duty Rescinded in 2022.</h1> The Government of India, through the Ministry of Finance, imposed a definitive countervailing duty on imports of certain hot rolled and cold rolled stainless steel flat products originating from or exported by China. This action, effective from September 7, 2017, followed findings that these products were being subsidized, causing material injury to the domestic industry. The duty, set at 18.95% of the landed value, was to be levied for five years unless amended earlier. However, the duty was not imposed between February 2, 2021, and January 31, 2022. The notification was later rescinded on February 1, 2022.
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