GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 31/2020-Customs
New Delhi dated the 13th July, 2020
G.S.R …..(E). - Whereas in the matter concerning imports of “Polybutadiene Rubber” (hereinafter referred to as the subject goods) falling under tariff item 4002 20 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Director General of Trade Remedies (hereinafter referred to as the Authority) initiated an investigation in terms of the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017 (hereinafter referred to as the said rules) vide initiation notification under F.No.22/7/2019-DGTR, dated the 7th November, 2019 published in the Gazette of India, Extraordinary dated the 7th November, 2019 in order to determine whether the imports of the subject goods from Korea RP constitute increased imports and whether the increased imports have caused or are threatening to cause serious injury to the domestic industry.
And whereas, in the preliminary findings of the Bilateral Safeguard investigation issued vide F.No.22/7/2019-DGTR, dated the 12th May, 2020, published in the Gazette of India, Extraordinary dated the 12th May, 2020, the Authority has provisionally concluded that-
(i) the domestic industry has suffered serious injury as a result of duty concessions granted to Korean imports leading to increased imports of the subject goods from Korea at low prices;
(ii) that injury to the domestic industry has been caused by the increased Korean imports and there is a causal link between increased imports of subject goods from Korea and serious injury to the domestic industry;
(iii) the factors present constitute critical circumstances and are affecting the overall performance of the domestic industry, justifying imposition of provisional bilateral safeguard measure,
Please refer to the attached file for full notification
CAclubindia
Guest
Notification No : Notification No. 31/2020-CustomsPublished in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2020/cs-tarr2020/cs31-2020.pdf