Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment
 
 
Latest Circulars »
 RBI-Exim Bank's GoI supported Line of Credit of USD 35.00 million to the Government of the Republic of Guinea
 RBI-Amendment to Master Direction on Know Your Customer
 Reserve Bank of India Act, 1934 – Section 42(1A) Withdrawal of the Incremental CRR
 RBI-Transcript of Statement made by Shri R. Gandhi, Deputy Governor
 Requirement of customer due diligence and need for maintenance of records
 Card Not Present transactions – Relaxation in Additional Factor of Authentication for payments upto ₹ 2000/- for card network provided authentication solutions
 Auction of Government of India Dated Securities December 05, 2016
 Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016)
 RBI-Investment under PIS in M/s Laurus Labs Limited by FIIs/FPIs upto 49 per cent and NRIs upto 24 per cent
 RBI-Issuance of 35 days Cash Management Bills under Market Stabilisation Scheme (MSS)
 RBI-Information from Unauthenticated Sources – Advisory to banks

Seeks to levy definitive anti-dumping duty on imports of Acetone, originating in, or exported from, EU, South Africa, Singapore and USA for a further period of five years.
March, 18th 2014

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

                                                          

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

 

Notification No. 10 /2014-Customs (ADD)

 

New Delhi, the 11th March, 2014

 

 

            G.S.R.       (E). – Whereas, the designated authority, vide  notification No. 15/1/2012-DGAD, dated the 15th June, 2012, published in Part I, Section 1 of the Gazette of India, Extraordinary had initiated a review in the matter of continuation of anti-dumping duty on imports of Acetone (hereinafter referred to as 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 European Union, South Africa, Singapore and the United States of America (hereinafter referred to as the subject countries), imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 33/2008-Customs dated the  11th March, 2008  published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, vide G.S.R. No.174 (E), dated the 11th March, 2008, as amended by notification No. 29/2012-Customs (ADD) dated the  29th May, 2012  published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, vide G.S.R. No.398 (E), dated the 29th May, 2012.

 

            And whereas, the Central Government had extended the anti-dumping duty on the subject goods, originating in or exported from the subject countries upto and inclusive of the 18th June, 2013 vide notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.37/2012-Customs (ADD) dated the 19th July, 2012, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, vide G.S.R No.579 (E), dated the 19th July, 2012.

 

            And whereas, in the matter of review of anti-dumping duty on import of the subject goods, originating in or exported from the subject countries, the designated authority vide its final findings, No. 15/1/2012-DGAD dated the 13th December, 2013, published in Part I, Section 1 of the Gazette of India, Extraordinary, has come to the conclusion that- 

 

(i)         The subject goods are likely to enter the Indian market at dumped prices if the anti-dumping duties in force cease to operate and the situation of domestic industry is likely to deteriorate if the existing anti dumping duties from subject countries are allowed to cease;

 

(ii)         The deterioration in the performance of the domestic industry is likely to be because of dumped imports from subject countries;

 

 (iii)       The anti dumping duty is required to be extended from subject countries,

and has recommended continued imposition of the anti-dumping duty on the subject goods, originating in or exported from the subject countries.

 

            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),  and exported from the countries as specified in the corresponding entry in column (5), and produced by the producers as specified in the corresponding entry in column (6), and 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.

Table

 

Sl. No

Tariff Item

Description

of

Goods

Country of origin

Country

of export

Producer

Exporter

Amount

Unit of Measur-ement

Curr-ency

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

1.

2914 11 00

Acetone

Singapore

Singapore

Any

M/s Mitsui and Co. Ltd.

158.11

MT

US Dollar

2.

2914 11 00

Acetone

Singapore

Singapore

Any

M/s Sumitomo Corporation and M/s Petrochem Middle East FZE, UAE

147.15

MT

US

Dollar

3.

2914 11 00

Acetone

Singapore

Singapore

Any combination of producer and exporter other than at    SI. No. 1 and 2

240.06

MT

US Dollar

4.

2914 11 00

Acetone

Singapore

Any country other than Singapore

Any

Any

240.06

MT

US

Dollar

5.

2914 11 00

Acetone

Any country other than subject countries

Singapore

Any

Any

240.06

MT

US

Dollar

6.

2914 11 00

Acetone

South Africa

South Africa

M/s Sasol Solvents

M/s Sasol Solvents

141.95

MT

US

Dollar

7.

2914 11 00

Acetone

South Africa

South Africa

Any combination of producer and exporter other than at SI. No. 6

179.65

MT

US

Dollar

8.

2914 11 00

Acetone

South Africa

Any country other than South Africa

Any

Any

179.65

MT

US

Dollar

9.

2914 11 00

Acetone

Any country other than subject countries

South Africa

Any

Any

179.65

MT

US

Dollar

10.

2914 11 00

Acetone

United States of America

United States of America

Any

Any

213.76

MT

US

Dollar

11.

2914 11 00

Acetone

United States of America

Any country other than United States of America

Any

Any

213.76

MT

US

Dollar

12.

2914 11 00

Acetone

Any country other than subject countries

United States of America

Any

Any

213.76

MT

US

Dollar

13.

2914 11 00

Acetone

European Union

European Union

Any

Any

277.85

MT

US

Dollar

14.

2914 11 00

Acetone

European Union

Any country other than European Union

Any

Any

277.85

MT

US

Dollar

15.

2914 11 00

Acetone

Any country other than subject countries

European Union

Any

Any

277.85

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 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.354/65/2007-TRU (Pt.-II)

 

    (Akshay Joshi)

Under Secretary to the Government of India

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions