July 3, 2017 7:56 PM

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No entity can be allowed to avoid anti-dumping duty: Supreme Court

Supreme Court today said, no entity can be allowed to avoid paying anti-dumping duty, as dumping of cheap steel from China was adversely affecting the Indian steel sector. <br/><br/>The bench comprising Justices A K Sikri and Ashok Bhushan said, due to the policies pursued by China, the global steel industry, including that in India, has been affected.<br/><br/>The Court noted that companies were importing cheaper steel from China which has impacted the domestic steel industry across the world.<br/><br/>The apex court made the remarks while reserving its verdict on a plea challenging the order of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT). The CESTAT had ruled that no anti-dumping duty was liable to be paid by the firms which import Stainless Steel Cold Rolled coils having width of 1256 MM to 1259 MM.

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