New Delhi:
The Supreme Court said on Monday that the dumping of cheap steel from China was affecting the Indian steel sector in an adverse manner. Further, the apex court also claimed that no entity can be allowed to avoid anti-dumping duty. The apex court noted that due to the policies pursued byChina, the global steel industry, including that in India, has been affected.
"Due to China's policies, the entire steel industry inthe world has changed and has adversely affected India. Wecannot allow anyone to evade the anti-dumping duty," the bench comprising Justices A K Sikri and Ashok Bhushan said.
It noted that companies were importing cheaper steel from China which has impacted the domestic steel industry acrossthe world. The apex court made the remarks while reserving its verdict on a plea challenging the order of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) which has ruled that no anti-dumping duty was liable to be paid by the firms which import Stainless Steel Cold Rolled coils having width of1256 MM to 1259 MM.
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On physical verification, the width of coil imported by aprivate firm was found to be between 1256 mm to 1259 mm. It was contended by the firm which had imported the coils from Taiwan that there was a notification which specified that any steel product having a width more than 1250 MM was not liable for anti-dumping duty.
Countering this contention, the Commissioner of Customs (Export) Nhavasheva, which had challenged the order of CESTAT,said there was a notification which said that products fromTaiwan and China having width above 1250mm will be liable foranti-dumping duty.
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