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 20 and 22 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 01/2017-Customs (CVD), dated the 7th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1137(E), dated the 7th September, 2017, except as respect things done or omitted to be done before such rescission.

[F.No. 334/01/2022-TRU]
(Nitish Karnatak)
Under Secretary to Government of India

Note: The principal notification No. 01/2017-Customs (CVD), dated the 7th September, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1137(E), dated the 7th September, 2017 and was last amended vide notification No. 5/2021-Customs (CVD), dated the 30th September, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.684(E), dated the 30th September, 2021.

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The Indian Government has rescinded the countervailing duty (CVD) imposed on imports of certain hot-rolled and cold-rolled stainless steel flat products.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The notification being rescinded is No. 01/2017-Customs (CVD), dated September 7th, 2017.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.