India Lifts Import Duties for Indonesian Steel, What Are the Impacts?

Indonesia's hot-rolled flat products of alloy or non-alloy steel (HRFPANA) have achieved anti-dumping duty-free (BMAD) status to India. This import duty-free is the result of a decision by the Indian Ministry of Finance to reject the recommendation of the Indian Anti-Dumping Authority, namely the Directorate General Trade Remedies (DGTR), for the extension of the anti-dumping import duty on HRFPANA products, one of which comes from Indonesia.

The cancellation of the anti-dumping duty on HRFPANA products is based on the decision of the Ministry of Finance of India through the Tax Revenue Unit (TRU) in the Office Memorandum issued on January 4, 2022. After considering the recommendations of the final findings of DGTR, the government of India decided not to accept the recommendation, thus the extension of the BMAD to HRFPANA products, including those originating from Indonesia, is discontinued.

"Indonesia welcomes the Indian Government's decision not to accept DGTR's recommendation to extend the application of anti-dumping import duties on HRFPANA products," says Trade Minister Muhammad Lutfi in a press release.