India is preparing to counter new anti-subsidy investigations initiated by the US against forged steel fittings imported from the country which could lead to imposition of penal countervailing duties (CVD) on carbon and alloy forged steel items like caps, sockets, plugs, bushings and outlets.
Commerce Ministry officials will go through the list of selected exporters for the investigation and the questionnaire from the US Department of Commerce (US DoC) and ready its reply, a government official told BusinessLine.
Of the 45 subsidy programmes from India identified by the petitioners as actionable, the US DoC established that there was sufficient information to initiate a CVD investigation on 36.
This story is from the January 02, 2020 edition of The Hindu Business Line.
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This story is from the January 02, 2020 edition of The Hindu Business Line.
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