CBEC-Seeks to levy safeguard duty on import of Carbon Black From China

Ministry of Finance

(Department of Revenue)

 Notification

NO. 4 / 2012-Customs (SG)

New Delhi, dated the 5th October, 2012

 

G.S.R.    (E). Whereas, in the matter of import of Carbon Black (for rubber application) (hereinafter referred to as the subject goods), falling under tariff item 2803 00 10  of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), from People’s Republic of China,  the Director General (Safeguard), in the final findings, vide number G.S.R. 602 (E), dated the 31st  July, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 31st  July, 2012, had come to the conclusion that increased imports of Carbon Black (for rubber application) into India from the People’s Republic of China had caused and threatened to cause market disruption to the domestic producers of Carbon Black and it had necessitated the imposition of  definitive safeguard duty on imports of  Carbon Black (for rubber application)  into India;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8C of the said Act, and in accordance with the rules 12, 14 and 17 of the Customs Tariff (Transitional Product Specific  Safeguard Duty) Rules, 2002, the Central Government after considering the said findings of the Director General (Safeguards), hereby imposes a safeguard duty  on Carbon Black (for rubber application)  , falling under tariff item 2803 00 10  of the First Schedule to the said Act, when imported into India from the People’s Republic of China at the rate of-

(a)                Thirty per cent ad valorem minus anti-dumping duty payable, if any, when  imported during the period from 5th October, 2012 to  4th October, 2013(both days inclusive); and

(b)               Twenty five per cent ad valorem, minus anti-dumping duty payable, if any, when  imported during the period from 5th October, 2013 to 31st December, 2013(both days inclusive).

 

[F.No.354/180/2012TRU]

 (Raj Kumar Digvijay)

Under Secretary to the Government of India

profile image

About Shantanu

Shantanu

eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates