Anti-Subsidy Duty of 9.12% to 17.57%
on Truck and Bus Tyres from China Notified
·
China Tyres
already on Anti-dumping Duty of 55%, both Duties to Operate at Same Time
·
China already Shifted Tyre Factories to Thailand!
[Notification No. 1/2019-Customs
(CVD)
dated 24 June 2019]
Whereas, in the matter
of “New/Unused pneumatic radial tyres with or
without tubes and/or flap of rubber
(including tubeless tyres), having nominal
rim dia code above 16" used in buses and lorries/trucks”
(hereinafter referred to as the subject goods) falling under
tariff heading 4011 20 10 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, People’s
Republic of China
(hereinafter referred to as the subject country), and imported into India, the
Designated Authority in
its final findings, published in the Gazette of
India, Extraordinary,
Part I,
Section 1, vide notification 6/8/2018-DGAD dated 25th March, 2019 has come to the conclusion that imposition of definitive countervailing
duty
is required to offset subsidization and injury and
has
recommended the imposition of definitive countervailing duty
on the imports of the subject
goods from China PR.
Now, therefore, in exercise of the powers conferred by sub-sections (1) and (6) of section
9 of
the Customs Tariff Act, read with rules 20 and 22 of the Customs Tariff (Identification, Assessment and Collection of Countervailing
Duty on Subsidized 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 heading 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), and imported into India,
countervailing duty of an amount
equivalent to the difference between the quantum calculated at the rate mentioned in column (7)
and anti-dumping duty payable, if
any, of the said Table,
namely:-
|
Table |
||||||
|
S.
No. |
Tariff Item |
Description of
Goods |
Country
of Origin |
Country
of Export |
Producer |
Duty
amount as % of CIF value |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
|
1. |
4011 20 10 |
New/Unused
pneumatic radial tyres with or without tubes and/or flap of rubber
(including tubeless tyres),
having nominal rim dia code above 16" used in buses and
lorries/trucks |
China PR |
Any other country including China PR |
Zhongce
Rubber Group Co. Ltd. |
9.55% |
|
2. |
-do- |
-do- |
China PR |
Any other country including China PR |
Shandong Wanda Boto Tyre Co. Ltd. |
9.18% |
|
3. |
-do- |
-do- |
China PR |
Any other country including China PR |
Triangle Tyre Co. Ltd |
12.23% |
|
4. |
-do- |
-do- |
China PR |
Any other country including China PR |
Shandong Yongfeng
Tyres Co. Ltd |
9.12% |
|
5. |
-do- |
-do- |
China PR |
Any other country including China PR |
Aeolus Tyre
Co. Ltd. |
9.66% |
|
6. |
-do- |
-do- |
China PR |
Any other country including China PR |
Qingdao
Yellow Sea Rubber
Co. Ltd. |
9.66% |
|
7. |
-do- |
-do- |
China PR |
Any other country including China PR |
Any producer
other than S. No. 1 to 6 |
17.57% |
|
8. |
-do- |
-do- |
Any country other than China PR |
China PR |
Any |
17.57% |
2.
The countervailing duty
imposed under this
notification shall be levied 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 payable in Indian currency.
Explanation –
For the
purposes of this notification: -
(1) the rate of exchange applicable
for
the purposes of calculation of such countervailing 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 Act.
(2) “CIF value” means the assessable value as determined under section 14 of the Customs Act,
1962 (52 of 1962).
[F. No. 354/ 61/2019-TRU]