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Circulars on Anti-dumping » Safeguard Duty levied on AcetoneSubject : Safeguard Duty
levied on Acetone
Circular no :Notification No. 7/2000-Customs
Date : 1/27/00
From : Customs
G.S.R. (E) - In exercise of the powers conferred by sub- section (1) of
section 8B of the Customs Tariff Act, 1975 (51 of 1975), read with rules
12 and 14 of the Customs Tariff (Identification and Assessment of
Safeguard Duty) Rules, 1997, and based upon the final findings of the
Director General (Safeguards) dated the 7th October, 1999, published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i), dated the 4th November, 1999, that increased imports of Acetone
into India have threatened to cause serious injury to the domestic
producers of Acetone and it would be in the public interest to impose
safeguard duty for a period of two years and six months on imports of
Acetone into India, the Central Government after considering the above
mentioned findings of the Director General (Safeguards), hereby imposes
on Acetone, falling under sub-heading No. 2914.11 of the First Schedule
to the said Customs Tariff Act, when imported into India, a safeguard
duty at the rate of -
(1)28% ad valorem or Rs. 3000 per metric tonne, whichever is lower, if
imported upto and inclusive of the 26th day of January, 2001;
(2)21% ad valorem or Rs. 2250 per metric tonne, whichever is lower, if
imported on or after the 27th day of January, 2001 but not later than
the 26th day of January, 2002; and
(3)9% ad valorem or Rs. 965 per metric tonne, whichever is lower, if
imported on or after the 27th day of January, 2002 but not later than
26th day of January, 2002.
2. Nothing contained in this notification shall apply to imports
made -
(a) under an advance licence, subject to the condition that the exempt
article shall not be disposed of or utilized in any manner except for
utilization in discharge of export obligation, or for replenishment of
article so utilized and the article so replenished shall not be sold or
transferred to any other person;
(b) from countries notified as developing countries, under clause (a)
of sub-section (6) of section 8B of the said Customs Tariff Act, other
than South Africa.
Explanation - In this notification, "Advance Licence"
means,-
(i) Quantity Based Advance Licence issued in terms of paragraph 50 of
the Export and Import Policy 1st April, 1992 - 31st March 1997 published
vide public notice of the Government of India in the Ministry of
Commerce No. 1-ITC (PN)/92-97, dated the 31st March, 1992, as amended
from time to time, and endorsed with non- transferable and actual user
condition; or
(ii)Quantity Based Advance Licence issued in terms of paragraph 7.4 of
the Export and Import Policy 1st April, 1997 - 31st March 2002 published
vide notification of the Government of India in the Ministry of Commerce
No. 1/1997-2002, dated the 31st March, 1997, as amended from time to
time; or
(iii)Annual Advance Licence issued in terms of paragraph 7.4A of the
Export and Import Policy 1st April, 1997 - 31st March 2002 published
vide notification of the Government of India in the Ministry of Commerce
No. 1/1997-2002, dated the 31st March, 1997, as amended from time to
time.
Sd/-
(Prashant Kumar Sinha)
Under Secretary to the Government of India
Issued by:
Government of India
Ministry of Finance
(Department of Revenue), New Delhi
F.No. 354/171/99-TRU
