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Indonesia continues levying AD tax on Vietnam steel
04/04/2016 12:00
The Indonesia Anti-Dumping Committee (KADI) has announced its final decision after an administrative review of the anti-dumping investigations into cold rolled steel coil and sheets imported from Vietnam and four others.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) on March 28 said KADI continued imposing anti-dumping (AD) tax rates of 12.3 – 27.8% on Vietnam steel for five years.
The rates were quite higher than those imposed on steel imported from the Republic of Korea and Taiwan, but much lower than Japan (18.6%-55.6%) and China (13.6%-43.4%).
The lawsuit was lodged by the plaintiff, PT Krakatau Steel in 2011. In March 2012 the Indonesian Ministry of Finance decided to levy AD duties of 5,9% - 55,6% on the products imported from the five countries.
In September 2015, Indonesia reviewed AD investigations and continued to impose duties with unchanged standpoint during the process.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) on March 28 said KADI continued imposing anti-dumping (AD) tax rates of 12.3 – 27.8% on Vietnam steel for five years.
The rates were quite higher than those imposed on steel imported from the Republic of Korea and Taiwan, but much lower than Japan (18.6%-55.6%) and China (13.6%-43.4%).
The lawsuit was lodged by the plaintiff, PT Krakatau Steel in 2011. In March 2012 the Indonesian Ministry of Finance decided to levy AD duties of 5,9% - 55,6% on the products imported from the five countries.
In September 2015, Indonesia reviewed AD investigations and continued to impose duties with unchanged standpoint during the process.
Source: VOV
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