This Notification imposes Anti-Dumping duty on Ethylene Propylene Diene Rubber (EPDM) originating in, or exported from Korea Rp
[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (I)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
19 May. 2000
Notification No. 70/2000-Customs
WHEREAS in the matter of import of Ethylene Propylene Diene Rubber (EPDM), falling under Chapters 39 or 40 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from Korea RP, the Designated Authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 23rd March, 2000 has come to the conclusion that –Online GST Certification Course by TaxGuru & MSME- Click here to Join
i) Ethylene Propylene Diene Rubber originating in or exported from Korea RP has been exported to India below normal value, resulting in dumping;
ii) the Indian industry has suffered material injury;
iii) the injury has been caused by the imports from the subject country;
and has considered it necessary to impose anti dumping duty, provisionally, pending final determination on all imports of Ethylene Propylene Diene Rubber (EPDM), originating in or exported from the subject country.
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 findings of the Designated Authority, hereby imposes on Ethylene Propylene Diene Rubber (EPDM), falling under Chapters 39 or 40 of the First Schedule to the said Customs Tariff Act, originating in or exported from Korea RP when exported by the exporter mentioned in the column (2) of the Table hereto annexed and imported into India, an anti-dumping duty at the rate specified in the corresponding entry in column (3) of the said Table.
|S.No.||Name of the exporter / producer||Amount of duty
(US $ perMT)
|1.||M/s Kumho Polychem Company Limited (KPC), Korea RP||124.00|
|2.||Any other exporter||124.00|
2. This notification shall have effect upto and inclusive of the 18th day of November, 2000.
Explanation.- For the purposes of this notification, the anti-dumping duty shall be paid in Indian currency and the “rate of exchange” applicable for the purposes 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
(Prashant Kumar Sinha)
Under Secretary to the Government of India