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: due date for vat payment :: empanelment :: form 3cd :: ACCOUNTING STANDARD :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT Audit
 
 
Latest Circulars »
 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
 RBI-Aadhaar-based Authentication for Card Present Transactions
 RBI-External Commercial Borrowings (ECB)
 Issuance of 28 days Cash Management Bills under Market Stabilisation Scheme (MSS)
 Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 All You wanted to know from RBI about: Withdrawal of Legal Tender Status of ₹ 500 and ₹ 1000 Notes
 Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit

Customs Notification No. 50/2010
April, 14th 2010

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

***

Notification No. 50/ 2010-Customs

New Delhi, the 12th April, 2010

 G.S.R.  (E). Whereas, in the matter of import of Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles (hereinafter referred as the subject goods), falling under tariff items 73269099,73261910, 73261990, 87085000, or 87089900, of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and originating in, or exported from the Peoples Republic of China (China PR), (hereinafter referred to as the subject country) into India, the Designated Authority, in its preliminary findings vide notification No. 14/19/2008-DGAD dated the 24th April, 2009, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 24th April, 2009, had come to the conclusion that

(a) the products under consideration had been exported to India from China PR below associated Normal values; 

(b) the domestic industry had suffered material injury in both the products under consideration. Besides, there appears to be threat of a material injury as well;

(c) the material injury and threat thereof had been caused by the dumped imports from China PR; and

had recommended imposition of provisional anti-dumping duty on all imports of the subject goods originating in, or exported from, the subject country;

And whereas, on the basis of the aforesaid findings of the designated authority, the Central Government had imposed provisional anti-dumping duty on the subject goods vide notification No. 65/2009-Customs, dated the 15th June, 2009, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, vide number G.S.R. 276 (E), dated the 15th June, 2009;
 
And whereas, the designated authority, vide its final findings vide notification No. 14/19/2008-DGAD dated 5th March 2010, published in the Gazette of India, Extraordinary, Part I, Section I, dated the 5th March 2010, had come to the conclusion that -

(a) the products under consideration have been exported to India from China PR below their associated Normal values.

(b) the domestic industry had suffered material injury in both the products under consideration. Besides, there is a case of threat of a material injury as well.

(c) the material injury and threat thereof had been caused by the dumped imports of the subject goods from China PR.

and had recommended to impose definitive anti-dumping duty on all imports of 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 said Customs Tariff Act, 1975, and in pursuance of 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, on the basis of the aforesaid final findings of the designated authority, hereby imposes on the goods, the description of which is specified in column (3) of the Table below, falling under the said tariff items of the First Schedule to the said 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 produced by the producers as specified in the corresponding entry in column (6), when exported from the countries as specified in the corresponding entry in column (5), by the exporters as specified in the corresponding entry in column (7), and imported into India, an anti-dumping duty which shall be equal to the amount specified in the corresponding entry in column(8), in the currency as specified in the corresponding entry in column (10) and per unit of measurement as specified in the corresponding entry in column (9) of the said Table.

Table

SI. No

Tariff Item No.

Description of goods

Country        of Origin

Country    of Export

Producer

Exporter

Amount

Unit

 

Currency

 

1

2

3

4

5

6

7

8

9

10

1

73269099

73261910

73261990

87085000

87089900

Front Axle Beam for medium or heavy commercial vehicle

Peoples Republic of

China

Peoples Republic of

China

Hubei Tri-ring Auto Axle Co. Ltd.

Hubei Tri-ring Auto Axle Co. Ltd.

0.35

Per Kg

US Dollar

2

73269099

73261910

73261990

87085000

87089900

Front Axle Beam for medium or heavy commercial vehicle

Peoples Republic of China

Peoples Republic of China

Any Country other than S.No. 1 above

Any Country other than S.No. 1 above

0.63

Per Kg

US Dollar

3

73269099

73261910

73261990

87085000

87089900

Front Axle Beam for medium or heavy commercial vehicle

Peoples Republic of China

Any

Any

Any

0.63

Per Kg

US Dollar

4

73269099

73261910

73261990

87085000

87089900

Front Axle Beam for medium or heavy commercial vehicle

Any other than Peoples Republic of China

Peoples Republic of China

Any

Any

0.63

Per Kg

US Dollar

5

73269099

73261910

73261990

87085000

87089900

Steering Knuckles for medium or heavy commercial vehicle

Peoples Republic of China

Peoples Republic of China

Hubei Tri-ring Forging Co. Ltd.

Hubei Tri-ring Forging Co. Ltd.

0.64

Per Kg

US Dollar

6

73269099

73261910

73261990

87085000

87089900

Steering Knuckles for medium or heavy commercial vehicle

Peoples Republic of China

Peoples Republic of China

Any country other than S.No. 5 above

Any country other than S.No. 5 above

1.11

Per Kg

US Dollar

7

73269099

73261910

73261990

87085000

87089900

Steering Knuckles for medium or heavy commercial vehicle

Peoples Republic of China

Any

Any

Any

1.11

Per Kg

US Dollar

8

73269099

73261910

73261990

87085000

87089900

Steering Knuckles for medium or heavy commercial vehicle

Any country other than Peoples Republic of China

Peoples Republic of China

Any

Any

1.11

Per Kg

US Dollar

2. The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty, and shall be payable 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. 354/118/2009 TRU (Pt. 1)]

Prashant Kumar
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 - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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