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The Central Board of Indirect Taxes and Customs (CBIC) has imposed an anti-dumping duty on imports of Chinese Steel for 5 years.Chinese flat-base steel wheels are now subject to an anti-dumping charge.
While the overall impact on the Chinese export market is expected to be limited, India s dependence on Chinese steel imports has been growing, with China becoming the second-largest steel exporter to India. The domestic steel industry has raised concerns about the impact of imports on prices and demand.