DGFT
Extends Minimum Import Price on 66 Steel Products for Two Months
·
List Cut to 66 from
173
·
Sheets, Plates and
Coils Omitted, to be Covered Anti-dumping and Safeguards Notifications under
Issue
The government today extended the minimum
import price (MIP) on 66 steel products for a period of two months to 4 Oct as
against 173 items earlier.
The MIP ranges between USD 341 - 752
per tonne
When asked why the government has
reduced the number of products, an official said, “We felt that only these 66
products require protection. The commerce ministry is already investigating
dumping of certain steel products.”
The footprint covers products like bars
and rods and coated steel plats which are not in the anti-dumping notification.
To guard domestic steel producers
against cheap in-bound shipments, the government in February had imposed MIP,
ranging between USD 341 to USD 752 per tonne, on 173 steel products for a
period of six months.
On ingots and billets, blooms and
slabs, the MIP reads USD 362, USD 352 and USD 341 per tonne, respectively.
On flat-rolled products of iron or
non-alloy steel of a width of 600 mm or more, clad plated or coated, the
minimum prices will be USD 643 and USD 752 per tonne on different items.
Similarly, bars and rods, hot-rolled in
irregularly wound coils of iron or non-alloy steel, the figure stood at USD 449
per tonne and USD 451 per tonne on different products.
India’s imports of non-alloy steel rose
29.6 per cent between April-December 2015 to 6.34 million tonne. Its total
consumption of non-alloy steel stands at 53.166 million tonne.
[DGFT Notification No. 20 dated 4th
August 2016]
Effect of this Notification: Minimum Import Price (MIP) for 66 HS Codes under Chapter 72 of ITC (HS), 2012 – Schedule – 1 (Import Policy) as detailed in the Annex is extended till 4th October, 2016.
Subject:
Continuation of Minimum Import Price (MIP) on 66 HS Codes of Iron and Steel
under Chapter 72 of ITC (HS), 2012 – Schedule – 1 (Import Policy): amendment in
import Policy Conditions.
In exercise of
powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph
1.02 and 2.01of the Foreign Trade Policy, 2015-2020, as amended
from time to time, the Central Government in modification of the Notification No.38/2015-2020 dated 5th
February, 2016 hereby extends the
applicability of Minimum Import Price (MIP) beyond 04/08/2016 on 66 HS Codes as
specified in the Annex to this Notification for two months, i.e., till 4th
October, 2016 subject to the following conditions. :
a) Imports under Advance Authorisation Scheme are
exempted from Minimum Import Price (MIP) under this Notification;
b) MIP conditions laid down in this Notification are
valid for two more months with effect from 05/08/2016 or until further orders,
whichever is earlier.
Minimum Import Price (MIP) on Iron and Steel under Chapter 72 of ITC
(HS), 2012
|
S. No. |
Exim Code |
Item Description |
Policy |
Policy Condition |
|
Import is subject to Minimum Import
Price (MIP) on CIF basis per MT in US $ as under |
||||
|
SEMI-FINISHED PRODUCTS OF IRON OR NON-ALLOY STEEL |
Ingots and Blooms= $ 352 Slabs= $ 341 |
|||
|
1 |
72071110 |
ELECTRICAL QUALITY |
Free |
|
|
2 |
72071120 |
FORGING QUALITY |
Free |
|
|
3 |
72071130 |
SEAMLESS STEEL TUBE QUALITY |
Free |
|
|
4 |
72071190 |
OTHERS |
Free |
|
|
5 |
72071210 |
ELECTRICAL QUALITY |
Free |
|
|
6 |
72071220 |
FORGING QUALITY |
Free |
|
|
7 |
72071230 |
OTHERS |
Free |
|
|
8 |
72071290 |
OTHERS |
Free |
|
|
9 |
72071910 |
FORGED BLANKS OF NONALLOY STEEL |
Free |
|
|
10 |
72071920 |
MILD STEEL (M.S.) BILLETS |
Free |
|
|
11 |
72071990 |
OTHERS |
Free |
|
|
12 |
72072010 |
FORGING QUALITY |
Free |
|
|
13 |
72072020 |
SPRING STEEL QUALITY |
Free |
|
|
14 |
72072030 |
SEAMLESS STEEL TUBE QUALITY |
Free |
|
|
15 |
72072090 |
OTHERS |
Free |
|
|
OTHER ALLOY STEEL IN INGOTS OR OTHER PRIMARY FORMS; SEMI-FINISHED
PRODUCTS OF OTHER ALLOY STEEL |
||||
|
16 |
72241000 |
INGOTS AND OTHER PRIMARY FORMS |
Free |
|
|
17 |
72249010 |
TOOL STEEL QUALITY |
Free |
|
|
18 |
72249020 |
DIE STEEL QUALITY |
Free |
|
|
19 |
72249030 |
COBALT BEARING HIGH SPEED STEEL QUALITY |
Free |
|
|
20 |
72249040 |
FORGED BLANKS OF ALLOY STEEL |
Free |
|
|
21 |
72249091 |
STEEL BILLETS |
Free |
|
|
22 |
72249099 |
OTHERS |
Free |
|
|
FLAT-ROLLED PRODUCTS OF IRON OR NON-ALLOY STEEL, OF A WIDTH OF 600 MM
OR MORE, CLAD, PLATED OR COATED |
||||
|
23 |
72103010 |
CORRUGATED FLT ROLD PRDCTS OF IRON/NON ALOY STL ELETRCLY PLTD/COTD WTH
ZINC OF A WDTH OF 600 MM OR MORE ,CLAD,PLTD/CO |
Free |
$ 643 |
|
24 |
72103090 |
OTHR FLT ROLD PRDCTS OF IRON/NON ALOY STL ELETRCLY PLTD/COTD WTH ZINC OF
A WDTH OF 600 MM OR MORE , CLAD,PLTD/CO |
Free |
$ 643 |
|
25 |
72104100 |
CORUGATD PRDCTS,OTHRWS PLTD/COATD WTH ZINC |
Free |
$ 643 |
|
26 |
72104900 |
OTHR PRDCTS OF IRON/NON-ALLOY STEEL OTHERWISE PLTD/COTD WTH ZINC |
Free |
$ 643 |
|
27 |
72105000 |
PRDCTS PLTD/COATD WTH CHROMIUM OXIDES OR WITH CHROMIUM AND CHROMIUM
OXIDE |
Free |
$ 643 |
|
28 |
72106100 |
FLT-RLD PRDCTS OF IRON/NON ALOY STL PLTD OR COTD WTH ALUMINIUM ZINC
ALLOYS |
Free |
$ 643 |
|
29 |
72106900 |
FLT-ROLD PRDCTS OF IRON/NON ALOY STL PLTD OR COTD WTH OTHER ALOYS OF
ALUMINIUM EXCL (EXCL ZINC ALLOY) |
Free |
$ 752 |
|
30 |
72107000 |
PRDCTS PAINTD,VRNSHD/COATD WTH PLSTCS |
Free |
$ 752 |
|
31 |
72109090 |
OTHERS |
Free |
$ 752 |
|
FLAT-ROLLED PRODUCTS OF OTHER ALLOY STEEL, OF A WIDTH OF 600 MM OR
MORE |
||||
|
32 |
72259100 |
FLT-ROLD PRDCTS OF OTHER ALLOY STEEL ELECTROLITICALLY PLTD/COTD WTH
ZINC |
Free |
$ 643 |
|
33 |
72259200 |
FLT ROLD PRDCTS OF OTHER ALLOY STEEL OTHRWSE PLTD/COTD WTH ZINC |
Free |
$ 643 |
|
FLAT-ROLLED PRODUCTS OF IRON OR NON-ALLOY STEEL, OF A WIDTH OF LESS
THAN 600 MM, CLAD, PLATED OR COATED |
||||
|
34 |
72121010 |
OTS/MR TYPE |
Free |
$ 752 |
|
35 |
72121090 |
OTHERS |
Free |
$ 752 |
|
36 |
72122010 |
CORRUGATED FLT-RLD PRDCTS OF IRON/NON ALOY STL OF WIDTH < 600MM
ELECTCLY PLATED /COTD WTH ZINC |
Free |
$ 643 |
|
37 |
72122090 |
OTHR FLT-RLD PRDCTS OF IRON/NON ALOY STL OF WIDTH < 600MM ELECTCLY
PLATED / COTD WTH ZINC |
Free |
$ 643 |
|
38 |
72123010 |
CORGTD PRDCTS OTHRWSE PLTD/COATD WTH ZINC |
Free |
$ 643 |
|
39 |
72123090 |
OTHR PRDCTS OTHRWSE PLTD/COATD WTH ZINC |
Free |
$ 643 |
|
40 |
72124000 |
PRDCTS PAINTD,VARNSHD/COATD WTH PLASTIC |
Free |
$ 752 |
|
41 |
72125010 |
PRDCTS,PLTD/COATD WTH LEAD |
Free |
$ 752 |
|
42 |
72125020 |
LACQUERED |
Free |
$ 752 |
|
43 |
72125090 |
OTHERS |
Free |
$ 752 |
|
44 |
72126000 |
CLAD FLT-RLLD PRDCTS OF IRON/NON-ALLOY STL |
Free |
$ 752 |
|
BARS AND RODS, HOT-ROLLED, IN IRREGULARLY WOUND COILS, OF IRON OR
NON-ALLOY STEEL |
||||
|
45 |
72131010 |
BARS AND RODS HT-RLD,CONTNG INDNTATIONS RIBS,GROOVES/OTHR DEFRMTN
PRDCTS OF FREE CUTTING STEEL |
Free |
$ 449 |
|
46 |
72131090 |
OTHERS |
Free |
$ 451 |
|
47 |
72132020 |
COLD HEADING QUALITY BAR AND RODS OF FREE CUTTING STEEL IN WOUND COILS |
Free |
$ 449 |
|
48 |
72132090 |
OTHER BARS AND RODS OF FREE CUTING STEEL |
Free |
$ 451 |
|
49 |
72139110 |
OTHER BARS AND RODS OF FREE CUTING STEEL ELECTRODE QUALITY |
Free |
$ 451 |
|
50 |
72139120 |
OTHER BARS AND RODS OF FREE CUTING STEEL COLD HEADING QUALITY |
Free |
$ 449 |
|
51 |
72139190 |
OTHERS |
Free |
$ 451 |
|
52 |
72139910 |
OTHER BARS AND RODS OF FREE CUTING STEEL ELECTRODE QUALITY |
Free |
$ 451 |
|
53 |
72139920 |
OTHER BARS AND RODS OF FREE CUTING STEEL COLD HEADING QUALITY |
Free |
$ 451 |
|
54 |
72139990 |
OTHERS |
Free |
$ 451 |
|
OTHER BARS AND RODS OF IRON OR NON-ALLOY STEEL, NOT FURTHER WORKED
THAN FORGED, HOT-ROLLED, HOT-DRAWN OR HOT-EXTRUDED, BUT INCLUDING THOSE
TWISTED AFTER ROLLING |
||||
|
55 |
72141090 |
OTHER FORGED BARS AND RODS |
Free |
$ 449 |
|
56 |
72142010 |
SPRING STEEL QUALITY |
Free |
$ 449 |
|
57 |
72142090 |
OTHERS |
Free |
$ 451 |
|
58 |
72149910 |
SPRING STEEL QUALITY |
Free |
$ 449 |
|
59 |
72149990 |
OTHERS |
Free |
$ 451 |
|
BARS AND RODS, HOT-ROLLED, IN IRREGULARLY WOUND COILS, OF OTHER ALLOY
STEEL |
||||
|
60 |
72271000 |
BARANDRODS OF OTHR ALLOY HIGH SPEED STEEL IN IRREGULARLY WOUND
COILS,HOT-ROLLED |
Free |
$ 451 |
|
61 |
72272000 |
BARS AND RODS OF SILICO-MANGANESE STEEL,HOT-ROLLED,IN IRREGULARLY
WOUND COILS |
Free |
$ 451 |
|
62 |
72279010 |
BARS AND RODS OF VALVE SPRNG STL QULTY |
Free |
$ 451 |
|
63 |
72279020 |
BARS AND RODS OF OTHR SPRNG STL QULTY |
Free |
$ 451 |
|
64 |
72279030 |
BARS AND RODS OF BALL BEARING QULTY |
Free |
$ 451 |
|
65 |
72279040 |
BARS AND RODS OF COLD BEARING QULTY |
Free |
$ 451 |
|
66 |
72279040 |
OTHER BARS AND RODS,HT-RLLD IN IRREGURARLY WOUND COILS OF OTHR ALLOY
STEEL |
Free |
$ 455 |