The Ministry of Finance has imposed a definitive countervailing duty on imports of Textured Tempered Glass originating from Malaysia. This decision follows findings that the glass was exported at subsidised prices, causing material injury to the domestic industry. The duty will be levied for five years and is payable in Indian currency.
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi, the 9th March, 2021
Notification No. 3/2021-Customs (CVD)
G.S.R. 163(E). -Whereas, in the matter of Textured Tempered Glass (hereinafter referred to as the subject goods) falling under tariff item 7007 19 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in or exported from, Malaysia (hereinafter referred to as the subject country), and imported into
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
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FAQ :
This notification concerns the imposition of a definitive countervailing duty on imports of "Textured Tempered Glass" originating in or exported from Malaysia.
The duty has been imposed because the Designated Authority found that Textured Tempered Glass from Malaysia was exported to India at subsidised prices, causing material injury to the domestic industry.
The countervailing duty is imposed for a period of five years from the date of its publication in the Official Gazette, unless it is revoked, superseded, or amended earlier.
The duty rates vary: 9.71% for imports from Xinyi Solar (Malaysia) Sdn. Bhd., 10.14% for other producers from Malaysia, and 10.14% for imports from Malaysia to any country other than Malaysia or from any country other than Malaysia to Malaysia.
The duty is calculated as the difference between a specified rate (as a percentage of CIF value) and any anti-dumping duty payable, using the exchange rate applicable on the date of presentation of the bill of entry.
Guest
Notification No : 3/2021-Customs (CVD)Published in Custom
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-others2021/csot03-2021.pdf