Tiếng Việt
中文 (中国)
日本語
On March 18, 2025, the Directorate General of Trade Remedies (DGTR) of India issued a preliminary conclusion in its safeguard investigation on alloy and non-alloy steel flat products imported into India.
Subsequently, on April 21, 2025, based on DGTR’s proposal, the Customs Department under the Ministry of Finance of India issued Decision No. 01/2025-Customs (SG) imposing a temporary safeguard duty on imported alloy and non-alloy steel flat products.
This decision reflects the content of the preliminary conclusion by DGTR, which determined that the sharp and significant increase in steel imports had caused serious damage and posed a risk of continuing harm to the domestic industry. DGTR emphasized that delaying the imposition of safeguard measures could result in irreparable harm, and thus, the temporary safeguard duty is necessary to protect domestic production.
According to the decision, the temporary safeguard duty of 12% is applied to products under HS codes 7208, 7209, 7210, 7211, 7212, 7225, and 7226. The affected products include hot-rolled coils, sheets, and plates; hot-rolled steel in large sheet forms; cold-rolled steel coils and sheets; galvanized, aluminum-zinc, and zinc-aluminum-magnesium coated steel coils and sheets; as well as color-coated steel coils and sheets.
However, the safeguard duty will not apply if the import price (CIF price) meets or exceeds specific thresholds, including: 675 USD/ton for hot-rolled coils; 695 USD/ton for hot-rolled sheets; 824 USD/ton for coated steel; 861 USD/ton for metal-coated steel coils or sheets; and 964 USD/ton for color-coated steel coils and sheets, with or without shaping.
Additionally, the decision excludes certain specialty steels from the safeguard duty, such as oriented electrical steel, stainless steel, electro-galvanized steel, rubber-coated steel, nickel alloys, and other products (detailed list provided in the attached notice). The safeguard duty will also not apply to imports from developing countries, except for China and Vietnam, as these two countries have exceeded the minimum import share threshold.
This temporary safeguard measure will remain in effect for 200 days from April 21, 2025, unless revoked or amended, and the duty will be collected in Indian Rupees.
To protect their legitimate interests, manufacturers and exporters should familiarize themselves with the procedure and actively contact Vietnamese law firms specializing in anti-dumping and trade remedy for timely assistance.
2ASL Law is a leading full-service and independent Vietnamese law firm made up of experienced and talented lawyers. ASL Law is ranked as the top tier Law Firm in Vietnam by Legal500, Asia Law, WTR, and Asia Business Law Journal. Based in both Hanoi and Ho Chi Minh City in Vietnam, the firm’s main purpose is to provide the most practical, efficient and lawful advice to its domestic and international clients. If we can be of assistance, please email to [email protected].
ASL LAW is the top-tier Vietnam law firm for Anti-dumping & countervailing. If you need any advice, please contact us for further information or collaboration.
