[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (I)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
4th September, 2001
Notification No. 88/2001-Customs
WHEREAS the designated authority vide notification published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 17th April, 2001, had initiated review in the matter of continuation of final anti-dumping duty on sodium ferrocyanide originating in, or exported from, the People’s Republic of China, imposed vide notification No.113/2000-Customs, dated the 31st August, 2000 [G.S.R. 696 (E), dated the 31st August, 2000]Online GST Certification Course by TaxGuru & MSME- Click here to Join
AND WHEREAS the designated authority vide notification published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 23rd August, 2001 has concluded that –
|(a)||Sodium ferrocyanide originating in, or exported from, the People’s Republic of China, has been exported below its normal value;|
|(b)||The domestic industry would suffer material injury in case the anti-dumping duty in force is removed;|
|(c)||The injury to the domestic industry would be caused by imports from the People’s Republic of China, in case the anti-dumping duty in force is removed;|
|(d)||Cessation of existing anti-dumping duty on imports of sodium ferrocyanide from the People’s Republic of China is likely to lead to continuation or recurrence of 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 rule 23 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 findings of the designated authority, hereby imposes on sodium ferrocyanide falling under Chapter 28 of the First Schedule to the said Customs Tariff Act, originating in, or exported from, the People’s Republic of China, and imported into India, an anti-dumping duty at a rate which is to be calculated as the difference between US $ 1556.87 per MT and the landed value of such imported sodium ferrocyanide per MT, in US$.
2. The anti dumping duty imposed under this notification shall be paid in Indian currency.
Explanation. – For the purposes of this notification,-
(a) ” landed value of imports” shall be the assessable value as determined under the Customs Act, 1962 ( 52 of 1962) and includes all duties of customs except duties levied under sections 3, 3A, 8B, 9 and 9A of the said Customs Tariff Act;
(b) the 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.
Under Secretary to the Government of India