Additional Duties on Certain Stainless Steel Bars & Rods from India
Tuesday, 10 May 2011 14:42
Council Regulation 405/2011 imposes definitive countervailing duties and collects the provisions countervailing duties on imports of certain stainless steel bars and rods from India. The standard addtionional duty is rate is 4.3% but a small number of suppliers exports will attract slightly lower additional rates (from 3.3-4%).
The products concerned fall within tariff sub-heading 7222.20.
We recommend any tax payer importing goods in this heading from India review their classification of their imports to check whether they fall within the ADD provisions. If there are doubts then we advise you apply for a BTI classification ruling with full arguments supporting why you believe your products are not within the scope of ADD. Please contact us if you have any queries on this topic.
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