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India released a tax on import seamless tube and hollow profiles safeguards public announcement

Sep 05,2018
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On August 13, 2014, the Indian consumption tax and customs of the central committee's announcement, according to accept the Treasury bureau safeguard measures on imported iron, alloy, or the alloy steel (not cast iron and stainless steel seamless tube and hollow profiles to make the final safeguard measures, the first year (August 13, 2014 - August 12, 2015) was 20% (AD valorem tax), the second year (August 13, 2015 - August 12, 2016) was 20% (AD valorem tax), the third year (August 13, 2016 - on February 12, 2017) (6 months), 5% (AD valorem tax). But there are three kinds of product is beyond the scope of tax:

(1) in accordance with ASTMA213 / ASMESA213 and ASTMA335 / ASMESA335 specifications, or BIS/DIN/BS/EN, or any other equivalent specifications of seamless alloy steel pipes and hollow profiles;

(2) the API and patent quality high-quality nipple joint / / high quality thread tube (Q - 125, 13 cr, P110, C, L - 80-90, C - 95, T - 90, T - 95);

(3) all (2) the level of 13 cr (13 cr) pipe and pipe; (4) the drill collar.

     In April 2013, India to import iron, alloy, or the alloy steel (not cast iron and stainless steel seamless tube and hollow profiles for safeguards investigation; In March 2014, India for the case to make a positive final determination.

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