The Hindu Business Line reported that in an unprecedented move, Steel Authority of India Limited has filed an anti dumping petition with the Union Commerce Ministry in respect of import of steel plates.
The Steel Ministry while supporting SAIL has asked the Commerce Ministry to see that SAIL gets deemed export benefits against international competitive bids.
According to informed sources, SAIL has contended that projects in the four exempted categories require very substantial quantities of steel. The duty concession is resulting in huge imports of steel; much to the detriment of the interest of domestic steel producers like SAIL.
The turn of events would appear to be the fall-out of concessional duty allowed for project imports. Project imports in four categories fertiliser, power, coal and petrochemical have been exempted from the 10% countervailing duty.
Source – The Hindu Business Line
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