Seeks to amend notification No. 1/2016-Customs(SG) dated 29.03.2016 to prescribe import prices on CIF basis at or above which safeguard duty on subject goods will not be applicable

Government of India

Ministry of Finance

(Department of Revenue)

Notification No. 2/2016-Customs (SG)

New Delhi, the 5th August, 2016

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 8B of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) read with rules 12, 14 and 17 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2016-Customs (SG), dated the 29th March, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.363(E), dated the 29th March, 2016, namely:-

In the said notification, for paragraph 2, the following paragraph shall be substituted, namely:-

“2. The safeguard duty shall not be imposed on the subject goods, falling under tariff item of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2) of the Table below, when imported into India, at or above the import price on CIF basis as mentioned in the corresponding entry in column (3), in the currency as specified in the corresponding entry in column (5) and as per unit of measurement as specified in the corresponding entry in column (4) of the said Table, namely :-

S. No.

Tariff Item

Import price on CIF basis

Unit

Currency

(1)

(2)

(3)

(4)

(5)

1

7208 10 00

445

MT

US Dollar

2

7208 25 10

500

MT

US Dollar

3

7208 25 20

500

MT

US Dollar

4

7208 25 30

445

MT

US Dollar

5

7208 25 40

445

MT

US Dollar

6

7208 25 90

500

MT

US Dollar

7

7208 26 10

500

MT

US Dollar

8

7208 26 20

500

MT

US Dollar

9

7208 26 30

445

MT

US Dollar

10

7208 26 40

445

MT

US Dollar

11

7208 26 90

500

MT

US Dollar

12

7208 27 10

500

MT

US Dollar

13

7208 27 20

500

MT

US Dollar

14

7208 27 30

445

MT

US Dollar

15

7208 27 40

445

MT

US Dollar

16

7208 27 90

500

MT

US Dollar

17

7208 36 10

500

MT

US Dollar

18

7208 36 20

500

MT

US Dollar

19

7208 36 30

445

MT

US Dollar

20

7208 36 40

445

MT

US Dollar

21

7208 36 90

500

MT

US Dollar

22

7208 37 10

500

MT

US Dollar

23

7208 37 20

500

MT

US Dollar

24

7208 37 30

445

MT

US Dollar

25

7208 37 40

445

MT

US Dollar

26

7208 37 90

500

MT

US Dollar

27

7208 38 10

500

MT

US Dollar

28

7208 38 20

500

MT

US Dollar

29

7208 38 30

445

MT

US Dollar

30

7208 38 40

445

MT

US Dollar

31

7208 38 90

500

MT

US Dollar

32

7208 39 10

500

MT

US Dollar

33

7208 39 20

500

MT

US Dollar

34

7208 39 30

445

MT

US Dollar

35

7208 39 40

445

MT

US Dollar

36

7208 39 90

500

MT

US Dollar

37

7225 30 90

445

MT

US Dollar

Explanation. – For the purpose of this notification “import price on CIF basis” means the assessable value as determined under section 14 of the Customs Act, 1962 (52 of 1962).”.

[F.No.354/219/2015-TRU]

(Mohit Tiwari)

Under Secretary to the Government of India

Note: The principal notification No. 1/2016-Customs (SG), dated the 29th March, 2016, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.363(E), dated the 29th March, 2016.

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Category : Custom Duty (6183)