Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. 100,000 tons of Dutch-made Tata steel exempt from US tariffs >
  5. 100,000 tons of Dutch-made Tata steel exempt from US tariffs

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

100,000 tons of Dutch-made Tata steel exempt from US tariffs.


Date: 28-01-2020
Subject: 100,000 tons of Dutch-made Tata steel exempt from US tariffs
A US tariff on laminated steel used in packaging will not apply to Tata Steel products manufactured in the Netherlands, the Dutch foreign trade minister said on January 27.

Sigrid Kaag told reporters that the US had agreed the products would be exempt from a 25% tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs.

"The import tariffs on laminated steel have been retracted and that's wonderful news for Tata Steel," Kaag told reporters in The Hague. "It's good for us, and good for Dutch employees."

Since 2018, US companies wishing to import the type of steel, which is not produced in the US, had been forced to seek tariff exemptions on a case-by-case basis.

A spokeswoman for Tata Steel, whose Dutch operations are based in the city of Ijmuiden, said that around 100,000 tons of the company's 531,000 tons of steel exports to the US were covered by the exemption.

"This is very good news, we are very happy with the minister's efforts", Tata spokeswoman Ariane Volz said.

She noted that the exemption will last for a period of one year, and must then be extended.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 08-02-2020
Notification No. 08/2020-Customs
Seeks to exempt specified goods from Health Cess imposed on the medical devices falling under heading 9018 to 9022 in terms of clause 139 of the Finance Bill, 2020.

Date: 06-02-2020
Notification No.11/2020 - Customs (N.T.)
Exchange Rates Notification No.11/2020-Custom (NT) dated 06.02.2020

Date: 03-02-2020
Notification No. 11/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 03-02-2020
Notification No. 12/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI

Date: 02-02-2020
Notification No. 06/2020 – Customs
Seeks to further amend notification No. 24/2005-Customs, dated the 1st March, 2005 so as to exclude copper and articles thereof from the exemption provided to raw materials use for manufacturing of ITA goods specified therein the notification

Date: 02-02-2020
Notification No. 07/2020 – Customs
Seeks to further amend notification No. 25/2005-Customs, dated the 1st March, 2005 so as to exclude copper and articles thereof from the exemption provided to raw materials use for manufacturing of ITA goods specified therein the notification.

Date: 02-02-2020
Notification No. 09/2020-Customs (N.T.)
Appointment of CAA by DGRI

Date: 02-02-2020
Notification No. 09/2020-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to change the anti-circumvention provision and make certain other miscellaneous changes.

Date: 02-02-2020
Notification No.10/2020-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995 to introduce anti-circumvention provisions in these rules and make certain other miscellaneous changes.

Date: 02-02-2020
Notification No. 08/2020-Customs
Seeks to exempt specified goods from Health Cess imposed on the medical devices falling under heading 9018 to 9022 in terms of clause 139 of the Finance Bill, 2020.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001