In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 ( No. 22 of 1992) read with paragraph 1.3 of the Foreign Trade Policy, 2004-2009, (as amended from time to time), the Central Government hereby makes the following amendments in Foreign Trade Policy, 2004-2009.
The matter has been examined in the Board’s office. The issue under doubt is whether anti-dumping duty (ADD) under Section 9A of the Customs Tariff Act, 1975 is payable during the interregnum period between the date of expiry of provisional anti-dumping duty and imposition of final ADD, and whether it should be applied retrospectively from the date of imposition of provisional levy.
Similarly, export obligation against import of (covered by chapter 9 of the ITC (HS) Classifications of Export & Import Items, 2004-09) shall be fulfilled within a period of 90 days from the date of receipt of the first import consignment i.e. the date on which the first import consignment is cleared by the customs authorities.
