Anti-dumping
Duty on Acetone from Korea to Continue for Five More Years – Duty Raised to
$79.75/MT in Review
[Customs Notification No. 05
(ADD) dated 18th February 2015]
Whereas, the designated
authority, vide notification No. 15/13/2013-DGAD, dated the 6th June,
2013 published in the Gazette of India, Extraordinary, Part I, Section 1, had
initiated a review in the matter of continuation of anti-dumping duty on
imports of Acetone (hereinafter referred to as the subject goods) falling under
tariff item 2914 11 00 of the First Schedule to the Customs Tariff Act, 1975
(51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating
in or exported from Korea RP (hereinafter referred to as the subject country),
imposed vide notification of the Government of India, in the Ministry of
Finance (Department of Revenue) No. 75/2008-Customs, dated the 10th June, 2008,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R. 447(E), dated the 10th June, 2008;
And whereas, the Central
Government had extended the anti-dumping duty on the subject goods, originating
in or exported from the subject country upto and
inclusive of the 9th June, 2014 vide notification of the Government of
India, in the Ministry of Finance (Department of Revenue) No. 12/2013-Customs
(ADD), dated the 25th June, 2013, published in Part II, Section 3, Sub-section
(i) of the Gazette of India, Extraordinary vide number G.S.R 406(E),
dated the 25th June, 2013;
And whereas, in the matter of
review of anti-dumping duty on import of the subject goods, originating in or
exported from the subject country, the designated authority in its final
findings, published vide notification No. 15/13/2013-DGAD, dated the 4th
December, 2014, in Gazette of India, Extraordinary, Part I, Section 1, has come
to the conclusion that-
(i) there is continued
dumping of the subject goods from the subject country, causing injury to the
domestic industry;
(ii) the dumping is likely
to continue and intensify if the anti dumping duty is
revoked,
and has recommended imposition of
the anti-dumping duty on the subject goods, originating in or exported from
the subject country.
Now, therefore, in exercise of
the powers conferred by sub-sections (1) and (5) of section 9A of the Customs
Tariff Act, read with rules 18 and 23 of the Customs Tariff (Identification,
Assessment and Collection of Anti-dumping Duty on Dumped Articles and for
Determination of Injury) Rules, 1995, the Central Government, after considering
the aforesaid final findings of the designated authority, hereby imposes on the
subject goods, the description of which is specified in column (3) of the Table
below, falling under tariff item of the First Schedule to the Customs Tariff
Act as specified in the corresponding entry in column (2), originating in the
countries as specified in the corresponding entry in column (4), exported from
the countries as specified in the corresponding entry in column (5), produced
by the producers as specified in the corresponding entry in column (6),
exported by the exporters as specified in the corresponding entry in column
(7), and imported into India, an anti-dumping duty at the rate equal to the
amount as specified in the corresponding entry in column (8), in the currency
as specified in the corresponding entry in column (10) and as per unit of
measurement as specified in the corresponding entry in column (9) of the said
Table, namely:-
|
Table |
|||||||||
|
Sl. No |
Tariff item |
Description of goods |
Country of origin |
Country of export |
Producer |
Exporter |
Duty amount |
Unit |
Currency |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
(10) |
|
1 |
2914 11 00 |
Acetone |
Korea RP |
Korea RP |
Any |
Any |
79.75 |
MT |
US Dollar |
|
2 |
2914 11 00 |
Acetone |
Korea RP |
Any country other than Korea RP |
Any |
Any |
79.75 |
MT |
US Dollar |
|
3 |
2914 11 00 |
Acetone |
Any country other than Korea RP |
Korea RP |
Any |
Any |
79.75 |
MT |
US Dollar |
2. The anti-dumping duty imposed under this
notification shall be effective for a period of five years (unless revoked, superseded
or amended earlier) from the date of publication of this notification in the
Official Gazette and shall be paid in Indian currency.
3. Notwithstanding anything contained in
paragraph 2, the anti-dumping duty imposed under this notification shall remain
in force up to and inclusive of the 15th April, 2020 14th
October, 2020, unless revoked, superseded or amended earlier.
[04-ADD/10.02.2020 - Para 3 inserted; 07-ADD/15.04.2020 –
Validity extended by Six Month till 14.10.2020]
Explanation.- For the purposes of this
notification, rate of exchange applicable for the purposes of calculation of
such anti-dumping duty shall be the rate which is specified in the notification
of the Government of India, in the Ministry of Finance (Department of Revenue),
issued from time to time, in exercise of the powers conferred by section 14 of
the Customs Act, 1962 (52 of 1962), and the relevant date for the
determination of the rate of exchange shall be the date of presentation of the
bill of entry under section 46 of the said Customs Act.
[F.No.
354/10/2008-TRU (Pt.-I)]