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Notification levying Duty(6/2001 )
Relevant Custom Notification
levying Duty
Subject : SAFEGUARD Duty on Import of GAMMA FERRIC ACID imposed
(SUB HD. 2821.10 of 1st schedule to Customs Tariff Act, 1975) for a
period of two and half years.
Circular no : CUSTOMS NOTIFICATION No. 6/2001
Date :1/24/01
From :Customs
WHEREAS in the matter of Gamma Ferric Oxide, falling under sub-heading
No.2821.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of
1975), the Director General (Safeguards), vide his final findings,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), dated the 20th December, 2000 has come to the
conclusion that increased imports of Gamma Ferric Oxide into India have
caused and threatened to cause further injury to the domestic producers
of Gamma Ferric Oxide and it will be in public interest to impose
safeguard duty for a period of two and a half years, on imports of Gamma
Ferric Oxide into India;
Now therefore, 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, the Central Government after considering
the said final findings of the Director General (Safeguards), hereby
imposes on Gamma Ferric Oxide, falling under sub-heading No.2821.10 of
the First Schedule to the said Customs Tariff Act, when imported into
India, a safeguard duty at the rate of –
(1) 23% ad valorem, if imported upto and inclusive of the 23rd day of
January, 2002;
(2) 20% ad valorem, if imported on or after the 24th day of January,
2002 but not later than the 23rd day of January, 2003; and
(3) 15% ad valorem, if imported on or after the 24th day of January,
2003 but not later than 23rd day of July, 2003.
2. Nothing contained in this notification shall apply to imports of
Gamma Ferric Oxide made -
(a) under an Advance Licence, subject to the condition that the said
Gamma Ferric Oxide 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.
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.
