Anti-dumping Duty on Acetone from Chinese Taipei and Saudi Arabia on Complaint of HOCL – Final Findings

Thai, Japan, EU, USA and Korea already in Hit List

[Customs Notification No. 13 (ADD) dated 16th April 2015]

Whereas, in the matter of ‘‘Acetone’ (hereinafter referred to as the subject goods), falling under Chapter 29 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 Chinese Taipei and Saudi Arabia (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 14/16/2012-DGAD dated the 22nd January, 2015, had come to the conclusion that –

(i)   the subject goods have been exported to India from the subject countries below its associated normal value;

(ii)  the domestic industry has suffered material injury on account of imports from the subject countries;

(iii) the material injury has been caused by the dumped imports of subject goods from the subject countries,

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, specification of which is specified in column (4), 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 (5), exported from the countries as specified in the corresponding entry in column (6), produced by the producers as specified in the corresponding entry in column (7), exported by the exporters as specified in the corresponding entry in column (8), imported into India, an anti-dumping duty at the rate equal to the amount as specified in the corresponding entry in column (9) in the currency as specified in the corresponding entry in column (11) and as per unit of measurement as specified in the corresponding entry in column (10) of the said Table, namely:-.

Table

SNo.

Tariff Item

Description of goods

Specifications

Country of origin

Country of export

Producer

Exporter

Amount

Unit

Currency

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

1

2914 11 00

Acetone

In all forms and strengths

Chinese Taipei

Chinese Taipei

Formosa Chemicals and Fibre Corporation

Formosa Chemicals and Fibre Corporation

86.10

MT

US Dollar

2

2914 11 00

Acetone

In all forms and strengths

Chinese Taipei

Chinese Taipei

Formosa Chemicals and Fibre Corporation

M/s Kolmar Group AG, Switzerland

86.10

MT

US Dollar

3

2914 11 00

Acetone

In all forms and strengths

Chinese Taipei

Chinese Taipei

Taiwan Prosperity Chemicals Corporation

Taiwan Prosperity Chemicals Corporation

205.05

MT

US Dollar

4

2914 11 00

Acetone

In all forms and strengths

Chinese Taipei

Chinese Taipei

Any combination other than Sl. No 1 to 3 above

271.37

MT

US Dollar

5

2914 11 00

Acetone

In all forms and strengths

Chinese Taipei

Any country other than Chinese Taipei and countries attracting anti dumping duty

Any

Any

271.37

MT

US Dollar

6

2914 11 00

Acetone

In all forms and strengths

Any country other than Chinese Taipei and countries attracting anti dumping duty

Chinese Taipei

Any

Any

271.37

MT

US Dollar

7

2914 11 00

Acetone

In all forms and strengths

Saudi Arabia

Saudi Arabia

Saudi Kayan Petrochemic al Company

Saudi Basic Industries Corporation

132.98

MT

US Dollar

8

2914 11 00

Acetone

In all forms and strengths

Saudi Arabia

Saudi Arabia

Saudi Kayan Petrochemical Company

Saudi Kayan Petrochemical Company

132.98

MT

US Dollar

9

2914 11 00

Acetone

In all forms and strengths

Saudi Arabia

Saudi Arabia

Any combination other than Sl. No 7 and 8 above

203.85

MT

US Dollar

10

2914 11 00

Acetone

In all forms and strengths

Any country other than Saudi Arabia and countries attracting anti dumping duty

Saudi Arabia

Any

Any

203.85

MT

US Dollar

11

2914 11 00

Acetone

In all forms and strengths

Saudi Arabia

Any country other than Saudi Arabia and countries attracting anti dumping duty

Any

Any

203.85

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 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.354/93/2014-TRU]