28 JUNE 2017AlCircle.com
Indonesia plans to extend safeguard duty on aluminium-zinc coated steel sheet
Edited by : Heena Iqbal
1 min read
<p>The Indonesian government has proposed to extend the safeguard duty on aluminium-zinc coated steel sheet for a further three years, which was set to expire this year. The government apprised the World Trade Organization (WTO) about the extension plan with different tax rates each year, cnmn.com reported.</p>
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<p>The tax rate is $245 per tonne in the first year, $185 per tonne in the second year, and $126 per tonne in the third year. The related products are aluminium-zinc coated steel sheet with width above 600mm and thickness below 0.7mm, according to a report published by Shanghai Metals Market.</p>
<p>In January this year, the Indonesian government was considering to extend the safeguard duty on aluminium-zinc-coated flat steel imports.</p>
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<p>In 2014, the country’s financed ministry announced that the government imposed the safeguard tariff for a period of three years.</p>
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