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of <h1>India Imposes Provisional Countervailing Duty on Indonesian Stainless Steel Imports, Ranging from 22.31% to 24.83.</h1> The Ministry of Finance issued a notification imposing a provisional countervailing duty on flat rolled stainless steel products imported from Indonesia. This decision follows findings that these goods were subsidized, causing material injury to the domestic industry. The duty rates range from 22.31% to 24.83% depending on the producer, and apply to imports from Indonesia and any other country, excluding certain specified goods like razor blade steel and coin blanks. The duty is effective for four months from the notification date and is payable in Indian currency. Specific procedures must be followed for certain exemptions.
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