President Asif Ali Zardari approved the 2025 Bill of Anti -Dutch functions (amendment), according to President Secretariat Press Wing.
“Following its approval, the functions will be in force from July 1, 2020. The bill was sent to the president after being adopted by the National Assembly and the Senate,” the press release said on Sunday.
He added that the bill had been approved to provide legal clarity concerning the taxation of anti -dumping tasks on projects funded by Chinese subsidies. The decision of this amendment was made at the Reunion for the Review of progress for Gwadar projects in October 2022.
Anti -dumping rights are special prices on imports sold below the fair value, aimed at restoring fair competition and protecting the national industry against injuries.
The modification of the anti -dumping law on rights, gives a retrospective effect to the exemptions of anti -dumping rights for products imported in foreign subsidies. He specifies that the exemptions introduced in 2022 apply from July 1, 2020.
The change deals with the rights billed during the year 2020-21 and 2021-22222 on imports from the Pak-China Friendship hospital and Gwadar International Airport, both financed by Chinese subsidies.
Read: Duty on Galvalume Steel Imposed
The Ministry of Commerce proceeded to the amendment in 2024. It was approved by the Cabinet Committee for the elimination of legislative affairs in January 2025, ratified by the federal office, then adopted by the Parliament.
Duty on Galvalume Steel Imposed
Previously, The National Prices Commission (NTC) has assumed an anti -dumping service of 40.47% on Galvalume Steel.
The Commission said in its decision that the product was used to undermine initial anti -dumping measures. T
The NTC concluded that the very first anti-Circonvention survey of Pakistan for the application of commercial remedies. This question also involved the bypass of anti -dumping duties on galvanized steel by galvalume imports – a slightly modified product.
The bypass refers to exporters or importers who try to avoid anti -dumping or compensatory tasks by making minor modifications to a product.
They sent it through third countries or slightly change its composition to maintain its essential commercial objective. The national industry (International Steels and Aisha Steel Mills) had challenged it in the NTC through legal companies. In 2017.
Pakistan has imposed anti -dumping rights on reels and galvanized steel leaves imported from China by imposing prices ranging from 6.09% to 40.47%.
Pakistan extended these functions in 2022 after a sunset review. The authorities concerned noted the continuation of the spill and injuries to national industry during an exam.
