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: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: empanelment :: VAT RATES :: form 3cd :: VAT Audit
 
 
« Latest Circulars »
 Payment Systems - Next Orbit (Shri R. Gandhi, Deputy Governor - February 20, 2017 - at the launch of Bharat QR Code at Hotel Trident, Mumbai)
 Financing MSMEs: Banks & FinTechs – Competition, Collaboration or Competitive Collaboration? (Shri S. S. Mundra, Deputy Governor – February 20, 2017 – at the NAMCABS Seminar organized by College of Agricultural Banking in Mumbai)
 Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
 RBI-Formation of twenty one new districts in the State of Telangana - Assignment of Lead Bank Responsibility
 RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
 Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List–M/s HDFC Bank Ltd.
 Reserve Bank of India seeks Comments on Draft Circular on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
 Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
 RBI-Foreign Investments in India
  RBI cancels the Licence of the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra
  Finance Minister meets the Directors of the RBI Central Board

Seeks to levy definitive safeguard duty on import of saturated fatty alcohol, for a period of two years and six months from the date of levy of provisional safeguard duty i.e. 28th August, 2014
March, 17th 2015
[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. 1/2015-Customs (SG)

                                                                New Delhi, the 13th March, 2015

        G.S.R. (E). - Whereas, in the matter of import of "Saturated Fatty Alcohols with carbon
chain length of C8,C10,C12,C14,C16 and C18 including single, blends and unblended (not
including branched isomers) which includes blends of a combination of carbon chain lengths,
C12-C14, C12-C16, C12-C18, C16-18 and C14-C16 (commonly categorized as C12-C14)"
(hereinafter referred to as the subject goods), falling under tariff item 2905 17 00 or sub-heading
3823 70 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred
to as the Customs Tariff Act), the Director General (Safeguard), in his preliminary findings,
published vide number G.S.R. 357 (E), dated the 26th May, 2014, in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), dated the 26th May, 2014, had come to the
conclusion that increased imports of subject goods into India has caused and threatened to cause
further serious injury to the domestic producers of subject goods, thereby necessitating the
imposition of provisional safeguard duty on imports of the subject goods into India;




       And, whereas, on the basis of the aforesaid findings of the Director General (Safeguard),
the Central Government had imposed provisional safeguard duty on import of the subject goods
into India for a period of two hundred days from 28th August, 2014 vide notification of the
Government of India in the Ministry of Finance (Department of Revenue), No. 03/2014-Customs
(SG), dated the 28th August, 2014, published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i), vide number G.S.R. 623(E), dated the 28th August, 2014;

       And, whereas, the Director General (Safeguard) in its final findings vide number G.S.R.
712(E), dated the 9th October, 2014, published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i), has recommended imposition of safeguard duty on subject goods
excluding Saturated Fatty Alcohols with carbon chain length of pure C8, falling under tariff item
2905 17 00 or sub-heading 3823 70 of the First Schedule of the Customs Tariff Act, for a period
of two years and six months from the date of levy of provisional safeguard duty;

       Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8B of
the Customs Tariff Act, read with rules 12, 14 and 17 of the Customs Tariff (Identification and
Assessment of Safeguard Duty) Rules, 1997, the Central Government after considering the said
final findings of the Director General (Safeguard), hereby imposes on subject goods excluding
Saturated Fatty Alcohols with carbon chain length of pure C8, falling under tariff item 2905 17
00 or sub-heading 3823 70 of the First Schedule to the Customs Tariff Act, when imported into
India, a safeguard duty at the following rate, namely:-

         (a) twenty per cent. ad valorem when imported during the period from 28th August,
         2014 to 27th August, 2015 (both days inclusive);

         (b) eighteen per cent. ad valorem, when imported during the period from 28th August,
         2015 to 27th August, 2016 (both days inclusive); and

         (c) twelve per cent. ad valorem, when imported during the period from 28th August,
         2016 to 27th February, 2017 (both days inclusive).





2.      Nothing contained in this notification shall apply to imports of subject goods excluding
Saturated Fatty Alcohols with carbon chain length of pure C8, from countries notified as
developing countries under clause (a) of sub-section (6) of section 8B of the Customs Tariff Act,
other than Malaysia, Thailand and Indonesia.

3.     The safeguard duty imposed under this notification shall be levied with the effect from the
date of the imposition of provisional safeguard duty, that is, the 28th August, 2014, and shall be
payable in Indian currency.


                                                                      [F No. 354/108/2014-TRU]



                                                                                 (Akshay Joshi)
                                                     Under Secretary to the Government of India

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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