Notice

Trade remedies notice 2023/07: countervailing duty on certain stainless steel bars and rods originating in the Republic of India

Updated 15 June 2023

This public notice is published on 15 June 2023 with effect from 16 June 2023.

This public notice is published by the Secretary of State under regulation 101C(2)(a) of the Trade Remedies (Dumping and Subsidisation) (EU Exit) Regulations 2019 (the Regulations”).

This public notice gives effect to the Secretary of State’s decision to accept the Trade Remedies Authority’s (‘’TRA’’) recommendation to revoke the countervailing measure on certain stainless steel bars and rods originating in the Republic of India. The TRA has concluded that it is unlikely that injury would recur if the countervailing measure was no longer applied. This public notice supersedes Taxation Notice 2020/16.

Goods description

The public notice relates to stainless steel bars and rods originating in the Republic of India and exported to the UK (‘’Goods’’), which are:

• Stainless steel bars and rods not further worked than cold-formed or cold-finished, other than bars and rods of circular cross-section of a diameter of 80 mm or more (‘’Goods’’).

Revocation of countervailing duty on the Goods

The countervailing duty on the stainless steel bars and rods is revoked from 29 June 2022.

The description of the Goods to which the duty applies is ‘’Stainless steel bars and rods, not further worked than cold-formed or cold-finished, other than bars and rods of circular cross-section of a diameter of 80 mm or more’’. The Goods are classified under the following UK general tariff (UKGT) commodity codes:

• 72222021
• 72222029
• 72222031
• 72222039
• 72222081
• 72222089

Transition review TS0023: Transition review of countervailing duties of certain stainless steel bars and rods originating in the Republic of India

On 21 June 2022, the TRA initiated a transition review of the countervailing duty on stainless steel bars and rods originating in the Republic of India (notice of initiation TS0023).

Summary of the transition review

The TRA conducted the transition review in accordance with regulation 99A of the regulations.

In accordance with regulation 99A(1)(a) of the Regulations, the TRA considered whether the importation of the subsidised Goods would be likely to continue or recur if the duty was no longer applied (the “likelihood of subsidy assessment”). In accordance with regulation 99A(1)(b) of the Regulations the TRA considered whether injury to UK producers of stainless steel bars and rods would be likely to continue or recur if the countervailing duty was no longer applied (the “likelihood of injury assessment”).

Two domestic trade bodies, two exporters, one foreign government and two other contributors registered an interest in the transition review.

The TRA based its consideration of whether subsidisation and injury were likely to continue or recur on a range of data provided by exporters and other interested parties, as well as other data available to them.

Further information on the investigation can be found on the TRA’s public file.

Recommendation of the TRA

The TRA recommended that, from 29 June 2022, the countervailing duty on the Goods given effect to by Taxation Notice 2020/16 should be revoked entirely.

The TRA made the recommendation in accordance with regulation 100 of the Regulations and in accordance with regulation 100B of the Regulations.