Anti-dumping Duty on Acetone
from Korea to Continue for Five More Years – Duty Raised to $79.75/MT in Review
[Customs Notification No. 05 (ADD) dated 18th February 2015]
Whereas, the designated authority, vide notification No.
15/13/2013-DGAD, dated the 6th June, 2013 published in the Gazette of India,
Extraordinary, Part I, Section 1, had initiated a review in the matter of
continuation of anti-dumping duty on imports of Acetone (hereinafter referred
to as the subject goods) falling under tariff item 2914 11 00 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 Korea RP
(hereinafter referred to as the subject country), imposed vide notification
of the Government of India, in the Ministry of Finance (Department of Revenue)
No. 75/2008-Customs, dated the 10th June, 2008, published in the Gazette of
India, Extraordinary, Part II, Section 3, Sub-section (i) vide number
G.S.R. 447(E), dated the 10th June, 2008;
And whereas, the Central Government had extended the anti-dumping duty on
the subject goods, originating in or exported from the subject country upto and inclusive of the 9th June, 2014 vide notification
of the Government of India, in the Ministry of Finance (Department of Revenue)
No. 12/2013-Customs (ADD), dated the 25th June, 2013, published in Part II,
Section 3, Sub-section (i) of the Gazette of India, Extraordinary vide number
G.S.R 406(E), dated the 25th June, 2013;
And whereas, in the matter of review of anti-dumping duty on import of the
subject goods, originating in or exported from the subject country, the
designated authority in its final findings, published vide notification
No. 15/13/2013-DGAD, dated the 4th December, 2014, in Gazette of India,
Extraordinary, Part I, Section 1, has come to the conclusion that-
(i) there is continued dumping of the subject goods from the
subject country, causing injury to the domestic industry;
(ii) the dumping is likely to continue and intensify if the anti dumping duty is revoked,
and has recommended
imposition of the anti-dumping duty on the subject goods, originating in or
exported from the subject country.
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 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 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), and 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 |
Duty amount |
Unit |
Currency |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
(10) |
|
1 |
2914 11 00 |
Acetone |
Korea RP |
Korea RP |
Any |
Any |
79.75 |
MT |
US Dollar |
|
2 |
2914 11 00 |
Acetone |
Korea RP |
Any country other than Korea
RP |
Any |
Any |
79.75 |
MT |
US Dollar |
|
3 |
2914 11 00 |
Acetone |
Any country other than Korea
RP |
Korea RP |
Any |
Any |
79.75 |
MT |
US Dollar |
2. 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 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 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. 354/10/2008-TRU (Pt.-I)]