EU Hits India With Tariffs Up to 31.2% on Water, Sewage Pipes
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The European Union imposed tariffs as high as 31.2 percent on water and sewage pipes from India in a bid to curb competition for Cie. de Saint-Gobain SA.
The duties punish Indian exporters of ductile cast iron pipes for allegedly selling them in the 28-nation EU below cost, a practice known as dumping. The targeted companies include Jindal Saw Ltd., which faces the maximum duty rate, and Electrosteel Castings Ltd., which is subject to a 15.3 percent levy.