Q. Consider the following products:
- Hot Rolled Plate Mill Plates
- Colour Coated Coils and Sheets
- Tinplate
- Stainless Steel
Which of the above are covered under the recently imposed 12% safeguard duty?
Answer:
Only 1 and 2
Notes: The 12% safeguard duty was recently imposed on Hot Rolled Plate Mill Plates and Colour Coated Coils and Sheets. However, products like Tinplate, Stainless Steel and some specialty steels used in electronics have been exempted from this safeguard duty.