On Monday (12th), the Trade and Defence Bureau of the Ministry of Industry and Trade of Vietnam revealed that the Trade and Rehabilitation Administration of the Ministry of Commerce and Industry of India (DGTR) recently issued a notice to counter-subsidize the aforesaid or imported stainless steel pipes from China and Vietnam. The ruling: The products involved in the case in Vietnam and China have subsidies and have caused substantial damage to the Indian domestic industry.
In this regard, India has decided to impose a countervailing duty of 0%-11.96% and 21.74%-22.88% on the welded stainless steel pipe producers and exporters in Vietnam and China.
At the same time, the Indian Trade Relief Agency also recommended a five-year countervailing duty on Vietnamese and Chinese products.
In response to an Indian business application, India initiated a countervailing investigation!
Previously, four stainless steel pipe producers associations in India jointly submitted applications for Vietnam and China to provide resistance subsidies for the production and export of welded stainless steel pipes. These subsidized imports have already caused damage to India's domestic industry.
Therefore, in response to the application of Indian companies, India launched a countervailing investigation!
It was said that a year ago, on August 9, 2018, India initiated a countervailing investigation on welded stainless steel pipes originating in or imported from Vietnam and China.
The subsidy investigation period is from April 2017 to March 2018 (12 months), and the damage investigation period is from 2014 to 2015, 2015 to 2016, 2016 to 2017, and this subsidy investigation period.
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