Notification No. 01/2025-Customs, Dated 21-04-2025
The Ministry of Finance has imposed a provisional safeguard duty of 12% ad valorem on imports of specified Non-Alloy and Alloy Steel Flat Products, classified under tariff headings 7208, 7209, 7210, 7211, 7212, 7225, and 7226 of the First Schedule to the Customs Tariff Act, 1975. This action follows the Director General (Trade Remedies)’ finding of a sudden and sharp surge in imports, causing or threatening serious injury to the domestic industry, warranting immediate remedial measures.
The safeguard duty shall be applicable for a period of 200 days and will not apply to imports meeting or exceeding the CIF-based minimum import prices specified in the notification. The notification further clarifies that the safeguard duty shall not be applicable to imports from developing countries, except China PR and Vietnam.
Additionally, certain product categories have been specifically excluded from the purview of the safeguard measure, and these exclusions are explicitly listed in the notification. The duty is payable in Indian currency, and its computation shall be in accordance with Section 14 of the Customs Act, 1962.
