DGFT imposes Countervailing Duty on Welded Stainless-Steel Pipes from China and Vietnam for 5 years

The Directorate General of Foreign Trade (DGFT) has imposed a countervailing duty on welded stainless steel pipes imported from China and Vietnam for a period of five years. This move is aimed at protecting domestic manufacturers from unfair competition due to subsidized imports from these countries. The decision to impose the duty was based on investigations that revealed significant price distortions caused by subsidies in China and Vietnam. The imposition of countervailing duties is a strategic measure to level the playing field for Indian producers and promote fair competition. It also reflects India's broader trade policy objectives of safeguarding domestic industries from unfair international trade practices.