Notification No. 50/2015-Customs (ADD) Seeks to further amend notification No. 27/2011-Customs dated 01.03.2011 so as to reduce the export duty on export of Iron Ore by MMTC Limited (only NMDC origin) to Japan and South Korea under the Long Term Agreement (LTA), from 30% to 10%, upto and inclusive of 31.03.2018.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 50/2015-Customs (ADD)

New Delhi, the Dated- 21st October, 2015

            G.S.R.    (E). –Whereas,  in the matter of ‘‘Hexamine’ (hereinafter referred to as the subject goods), falling under tariff item 2921 29 10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or exported from the People’s Republic of China and UAE (hereinafter referred to as the subject countries), and imported into India, the designated authority in its final findings published in the Gazette of India, Extraordinary, Part I, Section 1,vide notification number 14/16/2013-DGAD, dated the 21st September, 2015, had come to the conclusion that –

 (i)        both dumping margin and injury margin in the period of investigation are significant and positive from the subject countries;

(ii)        domestic industry has suffered material injury,

and has recommended imposition of definitive anti-dumping duty on imports of the subject goods, originating in, or exported from subject countries 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, 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 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), exported by the exporters as specified in the corresponding entry in column (7), imported into India, an anti-dumping duty at the rate equal to the amount as specified in the corresponding entry in column (8) in the currency as specified in the corresponding entry in column (10)  and as per unit of measurement as specified in the corresponding entry in column (9) of the said Table, namely:-

Table
Sl.No.
Tariff item
Description of goods
Country of origin
Country of export
Producer
Exporter
Amount
Unit
Currency
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
1.
2921 29 10
Hexamine
Peoples Republic of China
Peoples Republic of China
Any
Any
84.25
MT
US Dollar
2.
2921 29 10
Hexamine
Peoples Republic of China
Any country other than  Peoples Republic of China
Any
Any
84.25
MT
US Dollar
3.
2921 29 10
Hexamine
Any country other than  subject countries
Peoples Republic of China
Any
Any.
84.25
MT
US Dollar
4.
2921 29 10
Hexamine
UAE
UAE
Any
Any
113.05
MT
US Dollar
5.
2921 29 10
Hexamine
UAE
Any country other than  UAE
Any
Any
113.05
MT
US Dollar
6.
2921 29 10
Hexamine
Any country other than  subject countries
UAE
Any
Any
113.05
MT
US Dollar

 1. The anti-dumping duty imposed under this notification shall be effective 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 paid 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.354/36/2015-TRU]

    (Santosh Kumar Mishra)

Under Secretary to the Government of India

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