This notification imposes Anti-dumping duty on Pure Terephthalic Acid from Korea RP

Notification No. 99/2000-Customs

WHEREAS in the matter of import of Pure Terephthalic Acid, falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Korea RP, Thailand and Indonesia, the designated authority vide its final findings, published in the Gazette of India, Extraordinary, Part I, dated the 19th March, 1998, had come to the conclusion that :-

(b) the Indian industry has suffered material injury;

(c) the injury has been caused cumulatively by imports from the subject countries;

AND WHEREAS the designated authority vide its final findings in review of anti-dumping duties concerning imports of Pure Terephthalic Acid from Korea RP, published in the Gazette of India, Extraordinary, Part I, section 1, dated the 29th Mar, 2000 has come to the conclusion that:-

(b) domestic Indian industry has suffered material injury on account of price suppression caused by dumped imports leading to financial losses

(c) the injury has been caused to the domestic industry by dumping of subject goods originating in, or exported from Korea RP;

(d) the authority recognizes the need for continuation of definitive anti-dumping duty on all imports of Pure Terephthalic Acid, originating in, or exported from, Korea RP;

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2.    The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the 20th day of November 2002, unless the time limit is extended or the notification is revoked before such time, by notification published in the official gazette.

Explanation:- For the purposes of this notification, the anti-dumping duty shall be payable in Indian currency. The “rate of exchange” applicable for the purpose 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.

 F.No. 354/72/2000 – TRU