CBIC temporarily revokes notification No. 01/2017-Customs (CVD)

Budget 2021- Seeks to amend notification No. 01/2017 – Customs (CVD) dated 7^th September, 2017 so as to temporarily revoke the operation of the said notification for the period from 2nd February, 2021 to 30^th September, 2021. Notification No. 02/2021-Customs (CVD) Dated 1^st February, 2021

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

Notification No. 02/2021-Custom (CVD)

New Delhi, the 1^st February, 2021

G.S.R. 82(E). – Whereas, in the matter of import of ^„Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products’ (hereinafter referred to as the subject goods), falling under heading 7219 or 7220 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act) originating in or exported from People’s Republic of China (hereinafter referred to as the subject country) and imported into India, the designated authority in its final findings vide notification No. 14/2015 – DGAD, dated the 4^th July, 2017, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 4^th July, 2017, had recommended imposition of definitive countervailing duty on the imports of subject goods, originating in or exported from the subject country;

And whereas, on the basis of aforesaid findings of the designated authority, the Central Government had imposed definitive countervailing duty on the subject goods vide notification of the Government of India in the Ministry of Finance (Department of Revenue), notification No. 01/2017 – Customs (CVD) dated 7^th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub­section (i) vide number G. S. R. 1137 (E), dated the 7^th September, 2017 (hereinafter referred to as the said notification);

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (6) of section 9 of the Customs Tariff Act, read with rules 20 and 22 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995, the Central Government hereby makes the following amendments in the said notification, namely:-

In the said notification, in paragraph 2 and before the Explanation, the following proviso shall be inserted with effect from the 2^nd day of February, 2021, namely :-

“Provided that the said countervailing duty shall not be levied for the period commencing from the 2^nd day of February, 2021 to the 30^th day of September, 2021.”.

[F. No. 334/02/2021-TRU]

(Rajeev Ranjan)
Under Secretary to the Government of India

Note: The principal notification No. 01/2017 – Customs (CVD) dated 7^th September, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1137(E), dated the 7^th September, 2017.