The Director General of Antidumping has asked for a probe into the Countervailing Duty (CVD) on stainless steel products that are being imported mostly from China. The request has come following an application from JSL Stainless , reports CNBC-TV18 quoting sources. China gives a lot of subsidy to stainless steel makers by way of power tariffs and taxes. This probe will have implications for the Indian stainless steel industry. About 50 percent of China's total stainless steel produce is exported to India.
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