TaxTMI 
TaxTMI 
Initiation of safeguard investigation concerning imports of “Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel” into India.
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.... the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 by M/S Steel Authority of India Limited, M/S Essar Steel India Limited, M/S JSW Steel Limited and M/S Jindal Steel & Power Ltd through M/S Lakshmi Kumaran & Sridharan Attorneys, New Delhi, for imposition of Safeguard Duty on imports "Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non alloy steel having nominal thickness less than or equal to 150mm and nominal width of greater than or equal to 600 mm" hereinafter referred to as 'PUC' (Product under consideration) into India to protect the domestic producers of PUC against serious injury/threat of serious injury caused by the increased imports of PUC int....
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....or non-alloy steel, in prime or non-prime condition having 'as-rolled' edge or 'trimmed' edge or "milled" edge or "sheared" edge or "laser-cut" edge or "gas-cut" edge. These products may be pickled or non-pickled (with or without skin-pass or tempering), normalized or un-normalized, ultra-sonically tested or untested or oiled or non-oiled etc. These products may be "as-rolled" or "thermo-mechanically rolled" or "thermo-mechanically controlled rolled" or "controlled rolled" or "normalized rolled" or "normalized" or subject to any other similar process. These products may have patterns in relief/chequered patterns of different types derived directly during hot rolling. These products may be sand blasted or shot blasted or subjected to similar....
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....rce) from 2012-13 to 2015-16 (upto Aug,15) and same has been taken into consideration for analysis. The domestic data from 2012-13 to 2015-16(up to Sept.,15) have been submitted by the domestic industry and the same been taken into consideration for analysis. 6. Increased Imports (absolute & in relative terms): 'PUC' is imported into India primarily from Indonesia, China PR, Japan, Korea RP, Russia and Ukraine. The imports of 'PUC' have shown an increasing trend in absolute terms as well as in relative terms during the period as shown in table below:- Year Total Imports (MT) Trend All India Production (MT) import with respect to total production(%) 2012-13 601,667 100 5264627 11 2013-14 323,723 54 5420737 6 2014-15 599891 ....
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....00 2013-14 91 2014-15 93 2015-16(A) 93 (d) Capacity Utilisation: During the period, the capacity utilisation decreased from 45% to 37% during 2012-13 to 2015-16(A) as evident from the table below: Financial Year Installed Capacity (MT) Capacity Utilisation (%) 2012-13 10336260 45 2013-14 11159000 38 2014-15 11305667 38 2015-16(A) 11589959 37 (e) Profit/loss - The profitability of the domestic industry has declined sharply in 2015-16(A) and they have started recording losses as shown in the following table:- Financial Year Profitability (Rs. /MT) (Indexed) ROCE(%) Indexed 2012-13 100 100 2013-14 66 71 2014-15 39 43 2015-16(A) -230 -1 (f) Inventory- The table below depicts the inventory levels which h....