India Imposes 3-Year Tariff on Steel ProductsÂ
India took a significant step to protect its steel industry, imposing a three-year tariff of 11-12 per cent on selected products amid surging imports from China. This big move signals a strong defence after a temporary protection measure that began with a 12 per cent staggered tax duty. The tariff will start at 12 per…
Vipin
India Urges a Three-Year Import Tariff on Selected Steel Products
The Indian government proposed a three-year import tariff ranging from 11% to 12% on certain specified steel products. If this proposal gets approved, the steel products tariff will start at 12% in the first year, drop to 11.5% in the second year, and additionally reduce to 11% in the third year. The Directorate General of…
Himanshu