CURRENT AFFAIRS

Detailed explanation-1: -The commerce ministry has recommended imposition of anti-dumping duty on Chinese steel tubes and pipes for five years to guard domestic players from cheap imports from the neighbouring country.

Detailed explanation-2: -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.

Detailed explanation-3: -India imposes anti-dumping duty on stainless steel tube imports from China. BENGALURU, Dec 21 (Reuters)-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-4: -The recommended duty ranges from USD 114 per tonne to USD 3, 801 per tonne as per the notification released in September. World Trade Organisation (WTO) rules permit the imposition of anti-dumping duties. India and China are both members of this multilateral organisation based in Geneva.