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GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)NOTIFICATION No. 17/2024-Customs (ADD) New Delhi, the 27th September, 2024 G.S.R. ...(E).-Whereas, in the matter of Isobutylene-Isoprene Rubber(IIR) (hereinafter referred to as the subject goods), falling under tariff item 4002 31 00of the First Schedule of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referredto as the Customs Tariff Act), originating in, or exported from Peoples Republic of China, Russia, Saudi Ara
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FAQ :
The notification concerns Isobutylene-Isoprene Rubber (IIR), classified under tariff item 4002 31 00 of the Customs Tariff Act, 1975.
The anti-dumping duty applies to imports of IIR originating from or exported by the People's Republic of China, Russia, Saudi Arabia, Singapore, and the United States of America.
The duty has been imposed because an investigation found that dumped imports of IIR from the specified countries have caused material injury to the domestic industry in India.
The PCN methodology was adopted to ensure a fair comparison between imported and domestic products, allowing for accurate determination of dumping and injury margins.
The final findings of the investigation were published on 29th June 2024.
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Source : https://taxinformation.cbic.gov.in/view-pdf/1010160/ENG/Notifications