Exchange Rate notification for Import / Export of goods wef 1st March, 2009

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 21/2009-Customs (N.T.)

New Delhi, the 27^th February, 2009

G.S.R.  (E).- Whereas, in the matter of import of Plain Medium Density Fibre Board (hereinafter referred as the subject goods),  falling under heading 4411 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, China PR, Malaysia, New Zealand, Thailand and Sri Lanka (hereinafter referred to as the subject countries) , the designated authority, in its preliminary findings vide notification 14/12/2007-DGAD dated the 2nd February, 2009, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 2nd February, 2009, has come to the conclusion that-

1. the subject goods have been exported from subject countries to India at dumped prices. The dumping margins of the subject goods imported from the subject countries are substantially and above de-minimis.

2. the domestic industry has suffered material injury and injury has been caused to the  domestic industry both by the volume and price effect of dumped import of the subject goods originating in or exported from the subject countries; and has recommended imposition of provisional anti-dumping duty on all imports of the subject goods originating in, or exported from, the subject countries;

Now, therefore, in exercise of the powers conferred by sub-section (2) of section 9A of the said Customs Tariff Act, read with rules 13 and 20 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, on the basis of the aforesaid preliminary findings of the designated authority, hereby imposes on the goods, the description of which is specified in column (3) of the Table below, falling under the heading of the First Schedule to the said Customs Tariff Act as specified in the corresponding entry in column (2), originating in the countries as specified in the corresponding entry in column (4), and produced by the producers as specified in the corresponding entry in column (6), when exported from the countries as specified in the corresponding entry in column (5), by the exporters as specified in the corresponding entry in column (7), and imported into India, an anti-dumping duty which shall be equal to the amount specified in the corresponding entry in column(9), in the currency as specified in the corresponding entry in column (10) and per unit of measurement as specified in the corresponding entry in column (8) of the said Table.

Table

2. The anti- dumping imposed under this notification shall be effective upto and inclusive of the 26^th day of August, 2009, and shall be payable in Indian Currency.

Explanation. – 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 conferred by 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. 354/39/2009-TRU]

(Unmesh Sharad Wagh)

Under Secretary to the Government of India.