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12% Safeguard Duty on Steel Imports for 200 Days

22 April 20251 min read
ECONOMY12% SafeguardDuty on SteelImports for 200Days22 April 2025safalsetu.com

Why in the news

The Finance Ministry notified a short-term levy to shield local mills from low-priced steel.

FeatureDetail
Rate12% on specified steel categories; HS codes to follow
Start21 April 2025
Period200 days, unless changed or revoked
FocusChina, the second-largest supplier in FY25

Reasons

  • India stayed a net importer of finished steel for a second year, hurting domestic producers through unfair pricing and market flooding.

Effects

  • Prices may climb briefly; relief for SAIL, JSW, Tata Steel; possible WTO scrutiny; costlier infrastructure if extended.

Exam angle

  • Provision: Section 8B; duration: 200 days.

Test yourself

1. What is the rate of the temporary safeguard duty India imposed on select steel imports in April 2025?

The notes state a 12% safeguard duty.

2. For how long will the steel safeguard duty apply unless amended or revoked?

The duty lasts 200 days from the date of publication.

3. Under which Act's Section 8B was the steel safeguard duty imposed?

The notes say Section 8B of the Customs Tariff Act.