Govt Imposes Definitive Anti-Dumping Duty on Isobutylene-Isoprene Rubber

Govt imposes definitive anti dumping duty on the imports of ‘Isobutylene-Isoprene Rubber (‘IIR’)’ originating in, or exported from People’s Republic of China, Russia, Saudi Arabia, Singapore and United States of America and imported into India for a period of five years via Notification No. 17/2024-Customs (ADD) dated 27th September 2024.

Summary: The Ministry of Finance, via Notification No. 17/2024-Customs (ADD) dated 27th September 2024, has announced the imposition of a definitive anti-dumping duty on imports of Isobutylene-Isoprene Rubber (IIR) originating from China, Russia, Saudi Arabia, Singapore, and the United States. This decision follows the designated authority’s findings, which indicated that dumped IIR imports have caused material injury to the domestic industry. The investigation utilized a Product Control Number (PCN) methodology to ensure a fair comparison between domestic and imported products, revealing a positive dumping margin. The imposed anti-dumping duty varies depending on the country of origin and the specific exporter, with rates ranging from USD 325 to USD 1,152 per metric ton. This measure aims to protect the domestic industry for a duration of five years, unless altered or revoked earlier. The anti-dumping duty will be calculated in Indian currency, based on the exchange rate determined by relevant government notifications.

Seeks to impose definitive anti dumping duty on the imports of “Isobutylene-Isoprene Rubber (‘IIR’)” originating in, or exported from People’s Republic of China, Russia, Saudi Arabia, Singapore and United States of America and imported into India for a period of five years

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MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 17/2024-Customs (ADD) | Dated: 27th September, 2024

G.S.R. 598(E).—Whereas, in the matter of “Isobutylene-Isoprene Rubber (‘IIR’)” (hereinafter referred to as the subject goods), falling under tariff item 4002 31 00 of the First Schedule of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or exported from People’s Republic of China, Russia, Saudi Arabia, Singapore and United States of America (hereinafter referred to as subject countries) and imported into India, the designated authority in its final findings, vide notification F. No. 06/05/2023-DGTR, dated the 29th June, 2024, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 30th June, 2024, has come to the conclusion, inter alia, that-

(i) The Authority has adopted a Product Control Number (PCN) methodology and notified the same. The methodology has been applied to ensure that the imported and domestic product comparison is fair, the dumping margin and injury margin are determined by undertaking such fair comparison. The PCN methodology was developed after due opportunity to all interested parties and taking into account submissions and comments offered by various interested parties; and the dumping margin is positive and significant;

(ii) the domestic industry has suffered material injury as a result of the dumped goods from the subject countries;

(iii) the investigation has not shown that any other factor could have caused injury to the domestic industry;

and has recommended imposition of an anti-dumping duty on the imports of subject goods, originating in, or exported from the subject country and imported into India, in order to remove injury to the domestic industry.

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act 1975 (51 of 1975) read with rules 18 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, after considering the aforesaid final findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in column (3) of the Table below, falling under the tariff item of the First Schedule to the 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), exported from the countries as specified in the corresponding entry in column (5), produced by the producers as specified in the corresponding entry in column (6), which are imported into India, an anti-dumping duty at the rate equal to the amount as specified in the corresponding entry in column (7), in the currency as specified in the corresponding entry in column (9) and as per unit of measurement as specified in the corresponding entry in column (8) of the said Table, namely :-

TABLE

2. The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.

Explanation.-For the purposes of this notification, 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 the powers conferred by 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.

[F. No. 190354/101/2024-TRU]
AMREETA TITUS, Dy. Secy.