Japan alleges import duty on Steel by India violates WTO norms
MUMBAI (Scrap Register): Japan, which is the second largest Steel producer in the world, had alleged that duties imposed on Steel imports by India violated WTO trade norms.
The WTO's dispute panel has also said that India's move to impose safeguard import duty on some Iron and Steel products was inconsistent with certain global trade norms.
In September 2015, India imposed provisional safeguard duty of 20 per cent on import of certain categories of Steel with a view to protect domestic producers. Later, it was reduced and extended till March this year.
The ruling comes in the backdrop of Japan dragging India to the World Trade Organization (WTO) against certain measures taken by New Delhi on imports of iron and steel products. The case was filed by Japan in December 2017.
The duty imposed by India already ended in March this year. As India and Japan failed to resolve the issue in the bilateral consultation process, the WTO had set up the dispute resolution panel earlier this year.
