Customs: CBIC notifies ADD on Electrogalvanized Steel imported from Korea, Japan, and Singapore [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has imposed anti-dumping duty (ADD) on Electrogalvanized Steel imported from Korea, Japan, and Singapore.

As per a notification issued on July 2022, the imposition of anti-dumping duty on the imports of subject goods, originating in, or exported from the subject countries and imported into India, in order to remove injury to the domestic industry.

“The product under consideration ('PUC') is 'Flat-rolled products of hot rolled or cold rolled steel continuously electrolytically plated or coated with zinc, with or without alloying elements. The product under consideration is commonly known as Electrogalvanized steel. The product under consideration may be either alloy or non-alloy steel, whether or not of prime or non-prime quality. The product under consideration may be in coils or not in coils form. The product under consideration includes all types of Electrogalvanized steel whether or not coated, passivated, pre-treated, pre-painted, color coated, thin organic coated, chromate, phosphate, printed, whether or not corrugated or profiled, and whether or not having anti-fingerprint treatment,” the Notification.

The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded, or amended earlier) from the date of publication of this notification in the Official Gazette, and shall be payable in Indian currency.

For the purposes of this notification, the rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in the exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Act.

To Read the full text of the Notification CLICK HERE

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