Rescind the countervailing duty imposed on imports of “Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products”

Last updated: 03 February 2022

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The Indian Government has revoked the countervailing duty (CVD) previously imposed on imports of certain hot-rolled and cold-rolled stainless steel flat products. This decision, effective from February 1st, 2022, rescinds the original notification from September 7th, 2017. However, it does not affect any actions taken or omitted before this rescission.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 1/2022-Customs (CVD) New Delhi, the 1st February, 2022 G.S.R. ---(E). - In exercise of the powers conferred by sub-sections (1) and (6) of section 9 of the Customs Tariff Act, 1975 (51 of 1975), read with rules 2

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FAQ :

The Indian Government has rescinded the countervailing duty (CVD) imposed on imports of certain hot-rolled and cold-rolled stainless steel flat products.

This rescission is effective from February 1st, 2022.

The notification being rescinded is No. 01/2017-Customs (CVD), dated September 7th, 2017.

No, the rescission does not apply to things done or omitted to be done before February 1st, 2022.