India slaps anti-dumping duty on certain steel imports from China, Vietnam, South Korea


New Delhi: In an attempt to guard domestic manufacturers against cheap imports, India on Tuesday imposed anti-dumping duty on imports of a certain type of steel products from China, Vietnam and South Korea for a period of five years.

“The provisional anti-dumping duty on imports of ‘flat-rolled product of steel, plated or coated with alloy of aluminium/zinc’ originating in or exported from China, South Korea & Vietnam shall be effective for a period of 5 yrs from date of imposition that is 15th Oct, 2019,” the notification from the revenue department said.

The imposition of anti-dumping duty on exports comes amid a border dispute with China in Ladakh which has resulted in the death of 20 Indian soldiers in clashes with Chinese troops earlier this month.

Calls to boycott China-made goods have erupted across India after 20 soldiers were martyred. The protesters have also demanded revenge and severing of trade ties.

According to reports by news agencies ANI and PTI, people are burning the Chinese flag, China-made products, and effigies of President Xi Jinping.

While the public has started a boycott movement by burning down Chinese products and deleting Chinese-made software, companies have also said that they will not buy equipment from Chinese companies. (ANI)