India imposes safeguard duty on select steel imports
Importers must apply staged safeguard tariffs on steel shipments
Change
India imposed safeguard duties ranging from 12% to 11% on select steel imports over three years.
Why it matters
The measure targets increased imports causing injury to domestic industry and applies staged tariffs across multiple years. Certain products and countries are exempt.
Implications
- — Importers must apply safeguard duties on affected steel shipments — failure risks customs penalties
- — Procurement teams must adjust sourcing strategies — tariffs increase landed cost exposure
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