The CBIC issued Notification No. 01/2025-Customs (SG) dated April 21, 2025, imposing a provisional safeguard duty of 12% ad valorem on imports of certain steel products, including hot rolled coils, sheets, and plates; hot rolled plate mill plates; cold rolled coils and sheets; metallic coated steel coils and sheets; and colour coated coils and sheets. This measure is in response to a significant increase in imports that threatens serious injury to the domestic industry. The duty will not apply to imports from developing countries, except China and Vietnam, and will be effective for 200 days unless revoked or amended. Specific product categories are excluded from the safeguard duty, such as cold rolled grain oriented electrical steel and stainless steel. The safeguard duty will be payable in Indian currency, and the exchange rate for calculation purposes will be determined by the government’s notifications under the Customs Act, 1962.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/04/CBIC-NNo.-01_2025-Customs-SG.pdf
