Steel companies seek import duty hike to counter dumping

NEW DELHI: The domestic steel industry has requested the Government to increase the basic customs duty on steel imports and levy an additional 25% safeguard duty on the alloy in the upcoming Union budget to counterdumpingofsteelfromcountries such as Japan, South Korea, China and RussiaintotheIndianmarket.

The import duty on finished steel products was slashed to 7.5% in the budget for 2021-22. The Indian Steel Association (ISA), a lobby for domestic steelmakers, has written to the Finance Minister, requesting to restore the duty to 12.5% for flat steel products and increaseitto10%forlongproducts.

About 60% of the steel imports come from countries which India has a free trade agreement with, thus attracting zero basic customs duty. To counter dumping from these countries, steelmakers want a 25% safeguard duty onimports.

Steel imports surged 40% year-onyearto5milliontonnesinApril-December 2022, as per data from the Joint Plant Committee, a Government-backed institution. Meanwhile, exports plunged 60% to 6 million tonnes during this period, primarily due to the imposition of a 15% export duty by the government which has sincebeenrevoked.

India became a net importer of steel during the December quarter, with imports displacing 8% of the domestic steeldemand,saidtheassociation.

Steelmakers argue that several countries are dumping their excess steel production into India at prices far lower than in their own domestic markets. With imported steel becoming cheaper,domesticmanufacturersclaim that they are being forced to cut prices tounsustainablylowlevels.

(EPIC

For Export Loading

SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

Le

ANL CMA CGM Ag. Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre, Dron-3 & Mul Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.

SCI/Hapag CMT/ISS Shpg. Southampton, Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre —/ULA CFS COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos

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Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

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Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware

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Unifeeder Group Transworld Shpg. Jebel Ali, Bandar Abbas.

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In Port 04/02 Pederewski 26 263599-18/01 Chipolbrok Samsara Singapore, Kaohsiung, Shanghai.

03/0204/02 Asian Majesty(KR) 206 Eukor Car Carr Parekh Marine Singapore, (Shanghai).

27/0228/02 Alliance Fairfax* 105 Hoegh Autoliners Merchant Shpg. Durban, Tema, Dakar *.

25/0227/02 Hoegh Trident 201 Hoegh Autoliners Merchant Shpg. Singapore, Laem Chabang.

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Notice To Consignees

m.v.“KURUSHIMA” V-065 I.G.M. No. 2333756 Dtd. 27/01/2023

The captioned vessel is arriving at MUMBAI PORT on 01/02/2023 with Import Cargo.

Consignees expecting import cargoes on the captioned vessel are requested to present their ORIGINAL BILLS OF LADING duly discharged and obtain Delivery Orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignee’s risks and costs.

“Stamp duty” is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the Carriers and/or their agents are not bound to send the individual notifications regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the packing list to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the vessel/Owners/Agents will not be held responsible for the consequences arising thereof.

Consignees requiring steamer survey to be conducted for the goods discharge may contact the agents office for the same. The company’s Surveyors are M/S. AINDLEY MARINE PVT. LTD., 9 Kamanwala Chambers, 1st Floor, Sir P. M. Road, Fort, MUMBAI - 400001. Tel: +91-22-66359901/2/3 Email: ops@aindley.com and the usual survey conditions will apply

General Agent

NYK INDIA PVT. LTD.

Unit No 1205-1208 ,“Windfall”.12th Floor , Sahar Plaza Complex, Sir . Mathurdas.Vasanji Road , Andheri (EAST) Mumbai-400 059. Contact details: Board : +91 22- 46138181 Website www.nyklineindia.com

Notice To Consignees

m.v.

“QI SHUN”

The captioned vessel is due to arrive at MUMBAI Port on 09.02.2023 with import cargo from SHANGHAI, TAICHUNG AND SONDOUNG (CHINA).

Consignee expecting import cargoes on the captioned vessel are requested to present the ORIGINAL BILLS OF LADING duly discharged and obtain delivery orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignees risks and costs.

"Stamp duty" is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the carrier and/or their agents are not bound to send individual notification regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the PACKING LIST to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the Vessel/Owners/Agents will not be held responsible for consequences arising thereof.

In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office atleast 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the bills of lading issued and in possession of the consignees.

In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agents office for the same.. As Agents