CVD on “Aluminium Wire in coil form/Wire Rod in coil form having diameter ranging from 9 mm to 13 mm" exported from Malaysia for a period of 5 years.

Last updated: 25 September 2021

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The Indian government has imposed a countervailing duty on Aluminium Wire and Wire Rod (9mm-13mm diameter) exported from Malaysia. This decision follows a finding that these imports were subsidised, causing material injury to the domestic industry. The duty rates vary depending on the producer, with specific rates for Press Metal Bintulu Sdn. Bhd. and Press Metal Aluminium Rods Sdn. Bhd., and a higher rate for other Malaysian producers and imports from other countries into Malaysia.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 04/2021-Customs (CVD) New Delhi, the 24thSeptember, 2021 G.S.R. 662(E). - Whereas, in the matter of Aluminium Wire in coil form/Wire Rod in coil form having diameter ranging from 9 mm to 13 mm (hereinafter referred to as the subject goods) falling under tariff heading 76011040, 76012040, 7604 1010, 76042920, 76051100 and 76052100 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), (hereina

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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FAQ :

The countervailing duty applies to Aluminium Wire in coil form and Wire Rod in coil form with a diameter ranging from 9 mm to 13 mm.

The countervailing duty is imposed on Aluminium Wire and Wire Rod originating in or exported from Malaysia.

The duty has been imposed because the designated authority found that the subject goods were exported to India at subsidised values, causing material injury to the domestic industry.

The duty rates are 6.8669% for imports produced by Press Metal Bintulu Sdn. Bhd. and Press Metal Aluminium Rods Sdn. Bhd., and 16.4874% for imports from other Malaysian producers or from any country other than Malaysia where the goods are exported from Malaysia.

The countervailing duty is imposed for a period of five years from the date of publication of the notification, unless it is revoked, superseded, or amended earlier.

Notification No : 04/2021-Customs (CVD)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-others2021/csot04-2021.pdf

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