The European Commission has published its decision to terminate the anti-subsidy proceeding concerning imports of stainless steel fasteners from India. Provisional countervailing duties ranging from 3.2 to 16.5% applied in February were removed by Commission Decision 2012/278/EU, published 24 May 2012. Subsequent to its provisional decision Commission investigators reconsidered their assessment of the level of subsidy to Viraj Profiles Ltd, India’s largest exporter of the stainless steel fasteners under investigation. A recalculation of the Export Oriented Units Scheme subsidy to Viraj took the subsidy rate below the minimum threshold at which the EU considers it to have a effect. A 3.2 percent CVD rate had provisionally been applied but the decision deemed this to have been overestimated. (…)
via Provisional CVDs on Indian stainless steel fasteners lifted.