Government of India
Ministry of Finance
(Department of Revenue)
26th December, 2000
WHEREAS in the matter of import of Strontium Carbonate, falling under sub-heading No. 2836.92 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from the People’s Republic of China, the designated authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 15th November, 2000, has come to the conclusion that –
(a) Strontium Carbonate, in all forms, originating in, or exported from, the People’s Republic of China, have been exported to India below its normal value;
(b) the domestic industry has suffered material injury by way of decline in its market share and financial losses due to depressed net sales realization on account of price depression caused by low landed prices of the dumped subject goods;
(c) the injury has been caused to the domestic industry by dumping of subject goods originating in, or exported from, the subject country;
Now, therefore, in exercise of powers conferred by sub-section (2) of section 9A of the said Customs Tariff Act, read with rule 13 and rule 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 findings of the designated authority, hereby imposes on Strontium Carbonate, falling under sub-heading No. 2836.92 of the First Schedule to the said Customs Tariff Act, originating in, or exported from, the People’s Republic of China, and when imported into India, an anti-dumping duty at the rate of US dollars 291.76 per metric tonne.
2. The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the day of 25th June, 2001, 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 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.
(PRASANT KUMAR SINHA)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA