CURRENT AFFAIRS

Detailed explanation-1: -Commission Regulation (EC) No 112/2009 was published in the Official Journal of the European Union (L 38) on February 7, 2009. On July 27, 2009, the European authorities decided to impose a definitive anti-dumping duty on imports of wire rod from China (Council Regulation (EC) No 703/2009).

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: -Such duty is finally imposed/levied by a Notification of the Ministry of Finance. Thus, while the Department of Commerce recommends the Anti-dumping duty, it is the Ministry of Finance, which levies such duty.

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.

Detailed explanation-5: -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.