https://www.taxtmi.com/news?id=73285 India has rejected allegations of structural excess capacity in textiles and steel, saying low per capita consumption in both sectors shows no basis for the claim. In response to a United States Trade Representative probe under Section 301, India stated that the notice lacks cogent rationale and prima facie evidence to support the allegation that its major industries create trade surplus through surplus capacity. The trade remedies authority also said excess capacity is not recognised within WTO trade remedial laws. en-us Wed, 10 Jun 2026 21:31:03 +0530 Wed, 10 Jun 2026 21:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73285 India has rejected allegations of structural excess capacity in textiles and steel, saying low per capita consumption in both sectors shows no basis for the claim. In response to a United States Trade Representative probe under Section 301, India stated that the notice lacks cogent rationale and prima facie evidence to support the allegation that its major industries create trade surplus through surplus capacity. The trade remedies authority also said excess capacity is not recognised within WTO trade remedial laws. News - Wed, 10 Jun 2026 21:31:03 +0530 https://www.taxtmi.com/news?id=73285