The principal notification No. 17/2001-Customs dated the 1st March, 2001was published in the Gazette of India, Extraordinary vide G.S.R 116 (E) dated the 1st March, 2001 and was last amended by notification No. 119/2001-Customs dated the 16th November, 2001.
In exercise of the powers conferred by clause(b) of section 119 of the Finance Act, 2001 (14 of 2001), the Central Government hereby appoints the 1st day of January 2002, as the date from which the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975) shall be amended in the manner specified in the Third Schedule to the said Finance Act.
For the purposes of this notification, “rate of exchange” applicable for the purposes of calculation of 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 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 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.
