Indian Trade Remedy Update: 01Jan-01 Feb 2022
Between 01-January-2022 and 01-February-2022, India saw 13 determinations (either by MoF or DGTR) and 2 new AD investigations initiated by DGTR.
Out of 13 determinations –
In 4 steel related cases, AD/CVD duties imposed earlier were permanently revoked in Budget by MoF.
In 5 cases, DGTR’s positive recommendations were rejected by MoF.
In 1 case, DGTR recommended withdrawal of AD duty and MoF obliged.
In 2 cases, DGTR has made positive determinations (one relates to name change review) and decision is pending with MoF.
In only 1 case, DGTR’s positive determination was accepted by MoF.
While affected parties are expected to challenge the decisions of MoF, however, the larger issue of divergent views of 2 bodies still remains. This makes Indian trade remedy disputes uncertain and problematic.