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FinMin probing pipe imports from China, Italy

更新日期:2013-05-06  浏览:1395

 The Directorate General of Safeguards (DGS), a unit of the finance ministry has begun an investigation on the impact of large scale imports of seamless pipes and tubes into the country mainly from China and Italy.

Steel firms Jindal SAW, Maharashtra Seamless and Pune-based ISMT had moved the DGS for imposing restrictive duties on such imports for four years, based on which, the probe commenced.
 
In a notice issued on April 22, the DGS said that there is evidence of increased imports of these products, and added that it has commenced an inquiry on imports occurred between 2009-10 and 2012-13 into the extent of “injury” caused or are likely to cause to the domestic producers.”
 
The applicants said they account for more than 50 per cent of the total domestic production of seamless pipes and tubes in the country.
 
“The domestic industry has requested for immediate imposition of safeguard duty on import of seamless tubes and pipes into India for a period of four years. They have also sought imposition of provisional safeguard duty in view of the steel deterioration in performance of the domestic industry due to serious injury,” the DGS said, and has sought comments from the concerned parties by May 21.
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