The UK's decision not to impose the CVD on Indian steel bars and rods follows bilateral meetings at the World Trade Organisation (WTO) in Geneva.
The US Department of Commerce today revised the countervailing duty (CVD) for off-road tyre import from India to 4.94 percent from 5.06 percent. However, the CVD against the biggest player in the segment, Balkrishna Industries was left unchanged at 5.36 percent.
Watch Manisha Gupta of CNBC-TV18 giving an update on increased countervailing duty on branded non-jewellery gold by government as well as on all the action from commodities and currency space.
Countervailing duty or additional duty of customs is levied to offset the disadvantage to like Indian goods due to high excise duty on their inputs.
Countervailing duty or additional duty of customs is levied to offset the disadvantage to like Indian goods due to high excise duty on their inputs.