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In exercise of the powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 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 hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.152/2000-Customs, dated the 26th December, 2000.
In the matter of import of Ferro Silicon falling under sub-heading No. 7202.21 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Russia, China and Iran, the Designated Authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 21st November, 2000.
In exercise of the powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 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 hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.151/2000-Customs, dated the 26th December, 2000.
For the purposes of this notification, the 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 powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for 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.
For all those exports where the drawback had been allowed at a lower rate/cap, from 7.6.2001, supplementary claims may be entertained and processed in the light of the revised rates/caps. Wherever the provisional exports were allowed earlier (i.e. from 7.6.2001), the claims may be finalized accordingly.
With the introduction of the rolling settlement in 414 scrips from July 02, 2001, and the fact that all deferral products such as the ALBM/BLESS/MCFS/CNS will no longer be available, it has been decided to withdraw the above referred restrictions on short sales with effect from July 02, 2001.
Attention is invited to the entry at Code No.1001(a) of Table B of Schedule 2 and Sl.No.12(i) of Appendix-1 to Schedule 2 in the book titled “ITC(HS) Classifications of Export and Import Items, 1997-2002” (incorporating amendments made upto 31st August,1998) and as amended from time to time.
