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

Summary

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.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.