CURRENT AFFAIRS

Detailed explanation-1: -India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove “injury” to the domestic industry, according to a government notification.

Detailed explanation-2: -Anti dumping and anti subsidy duties are levied against exporter / country inasmuch as they are country specific and exporter specific as against the customs duties which are general and universally applicable to all imports irrespective of the country of origin and the exporter.

Detailed explanation-3: -Finance Ministry has imposed definitive anti-dumping duty on ‘Stainless Steel Seamless Tubes and Pipes’ from China. Valid for five years, the anti-dumping duty imposed ranges from $114 to $3, 801 per tonne depending on the producer.

Detailed explanation-4: -The recommended anti-dumping duty ranges from $114 per tonne to $3, 801 per tonne of stainless pipe and tubes of different grades. NEW DELHI : The Centre has imposed anti-dumping duty on stainless steel seamless tubes and pipes imported from China for five years to remove “injury” to the domestic industry.