MoCI notified regarding the review investigation of countervailing duty concerning imports of Welded Stainless-Steel Pipes and Tubes originating in or exported from China PR and Vietnam

Oct 04, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Finance & Taxation ComplianceThe Ministry of Commerce and Industry (MoCI) on September 30, 2023, notified regarding the review investigation of countervailing duty concerning imports of Welded Stainless-Steel Pipes and Tubes originating in or exported from China PR and Vietnam.

The following has been stated:

• The product under consideration is the same as in the original investigation i.e., “welded stainless steel pipes and tubes”. The present investigation being a sunset review investigation, the scope of the product under consideration remains the same as defined in the original investigation.

• The applicants have claimed that there are no known significant differences in the goods produced by the petitioning domestic producers and those exported from the subject countries.

• The applicants have alleged that the producers/exporters of the subject goods in the subject countries continue to benefit from actionable subsidies provided at various levels by the Governments of the subject countries, including the provinces and districts in which producers/exporters are located.

• There is prima facie evidence of the likelihood of continuation/recurrence of subsidization and consequent injury to the domestic industry in the event of cessation of anti-subsidy duty, considering the volume of imports from the subject countries that were subject to duty, increase in volume of imports from exporters subject to lower duties, transfer of subsidized raw material from China PR to Vietnam, trade remedial measures imposed by third countries, overcapacities in the subject countries, likely suppression or depression effect of imports in the absence of duties, and likely adverse impact of cessation of anti-subsidy duty on the performance of domestic industry.

• The period of investigation for the purpose of the present investigation is April 01, 2022, to March 31, 2023 (12 months). The injury analysis period covers the period of investigation and the three preceding financial years, i.e. 2019-20, 2020-21, 2021-22.

• All communication should be sent to the Authority via email at the email addresses [email protected], [email protected], [email protected] and [email protected]. It should be ensured that the narrative part of the submission is in searchable PDF/MS Works format and data files are in MS Excel format.

• The interested parties can offer their comments on the issues of confidentiality claimed by the domestic industry within 7 days from the date of circulation of the non-confidential version of the documents in terms of paragraph 27 of this initiation notification.

[Notification No. 7/23/2023-DGTR]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT