The EU has introduced a Council Regulation (2/2012) on 4 January imposing ADD of 23.6% on imports of certain stainless steel fasteners.
The imports affected are those falling in to the following Combined Nomenclature (CN) Codes:
• 7318 12 10
• 7318 14 10
• 7318 15 30
• 7318 15 51
• 7318 15 61, and
• 7318 15 70
We recommend importers of fasteners (screws, bolts etc.) check the classification of their imports carefully to determine whether they fall within these codes and if they have any doubts then submit well argued cases for classifications to other codes. If your goods do fall in to these codes then it may be possible to obtain an exemption from ADD by either working with your supplier to give an undertaking that its product is not dumped or by making an application to BIS showing why your specific imports should not attract ADD.
If you would like further information on these measures or possible actions then please contact us.