Notification No. 06/2024-Customs (CVD)


Quick Summary
This notification, No. 06/2024-Customs (CVD), announces the initiation of a review concerning the continuation of countervailing duty on imports of Continuous Cast Copper Wire Rod. This duty was originally imposed in January 2020. The review covers goods originating from Indonesia, Malaysia, Thailand, and Vietnam. The designated authority has requested an extension of this countervailing duty.

GOVERNMENT OF INDIA 
MINISTRY OF FINANCE 
(DEPARTMENT OF REVENUE) 
Notification No. 06/2024-Customs (CVD) 

New Delhi, the 4th October, 2024 

G.S.R...-(E).  -Whereas,  the  designated  authority vide  initiation  notification No. 07/07/2024-DGTR dated 29th June, 2024, published  in  the  Gazette  of  India, Extraordinary, Part I, section 1, dated the 29th June, 2024, has initiated review in terms of sub-section (6) of section 9 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) read with rule 24 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of countervailing duty on imports of “Continuous Cast Copper Wire Rod”  (hereinafter referred to as the subject goods) falling under heading 7408 of the First Schedule to the Customs Tariff Act, originating in or exported from Indonesia, Malaysia, Thailand and Vietnam (hereinafter referred to as the subject countries), imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 1/2020-Customs (CVD), published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 18(E), dated the 8th January, 2020,  and has requested for extension of the said countervailing duty in terms of sub-section (6) of section 9 of the Customs Tariff Act.

To read/download the complete notification, find the enclosed file

FAQ :

The notification concerns the continuation of countervailing duty on imports of "Continuous Cast Copper Wire Rod".

The notification affects imports originating from Indonesia, Malaysia, Thailand, and Vietnam.

The original countervailing duty was imposed vide notification No. 1/2020-Customs (CVD) on the 8th January, 2020.

This notification initiates a review for the continuation of the existing countervailing duty on the specified copper wire rod imports.

The subject goods fall under heading 7408 of the First Schedule to the Customs Tariff Act.

 
Notification No : 06/2024
Source : https://taxinformation.cbic.gov.in/view-pdf/1010168/ENG/Notifications
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