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Custom Notification No. 17/2024

Last updated: 28 September 2024

 Notice Date : 27 September 2024

GOVERNMENT OF INDIA
MINISTRY 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  People’s Republic of China, Russia, Saudi Arabia, Singapore and United States of America(hereinafter referred to as subject countries) and imported  into  India,  the  designated authority  in  its  final  findings, videnotification  F.  No. 06/05/2023-DGTR, dated   the 29th June, 2024, published in   the   Gazette   of   India, Extraordinary, Part I, Section 1, dated the 30thJune, 2024, has come to the conclusion, inter alia, that-
(i)The Authority has adopted a Product Control Number(PCN)methodology and notified the same. The methodology has been applied to ensure that the imported and domestic product comparison is fair, the dumping  margin  and  injury  margin  are  determined  by  undertaking  such  fair comparison.  The  PCN methodology was developed after due opportunity to all interested parties and taking into account submissions and comments offered by various interested parties;and the dumping margin is positive and significant; 
(ii)the domestic industry has suffered material injury as a result of the dumped goods from the subject countries;
(iii)the investigation has  not  shown  that  any  other  factor  could  have  caused  injury  to  the domestic industry;and  has  recommended  imposition  of an  anti-dumping  duty  on  the  imports of  subject  goods,  originating  in,  or exported from the subject country and imported into India, in order to remove injury to the domestic industry.

For full notification please refer to the attachment

 

Guest
Notification No : 17/2024
Published in Custom
Source : https://taxinformation.cbic.gov.in/view-pdf/1010160/ENG/Notifications
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