Indonesia continues levying AD tax on Vietnam steel
15:27 | 29/03/2016 Print Article
The Indonesia Anti-Dumping Committee (KADI) has announced its final decision after an administrative review of the anti-dumping investigations into cold rolled steel coil and sheets imported from Vietnam and four others.
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The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) on March 28 said KADI continued imposing anti-dumping (AD) tax rates of 12.3 – 27.8% on Vietnam steel for five years.
The rates were quite higher than those imposed on steel imported from the Republic of Korea and Taiwan, but much lower than Japan (18.6%-55.6%) and China (13.6%-43.4%).
The lawsuit was lodged by the plaintiff, PT Krakatau Steel in 2011. In March 2012 the Indonesian Ministry of Finance decided to levy AD duties of 5,9% - 55,6% on the products imported from the five countries.
In September 2015, Indonesia reviewed AD investigations and continued to impose duties with unchanged standpoint during the process.
Source: VOV
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