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Anti-Dumping Duty: Acrylic yarn export originating from Nepal
{This
notification has been rescinded vide Notification No. 75 dated 24th July 2002}
WHEREAS
in the matter of import of Acrylic Yarn, falling under heading No. 54.02 or
55.09 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975),
originating in, or exported from Nepal, the designated authority vide its
preliminary findings, published in the Gazette of India, Extraordinary, Part I,
Section 1, dated the 25th September, 2001, has come to the conclusion
that -
(a) Acrylic Yarn has been exported to
India from Nepal below its normal value;
(b) the Indian industry has suffered
material injury and is being threatened with further injury;
(c) the injury has been caused by the
dumped imports from Nepal;
and
the designated authority has considered it necessary to impose anti-dumping
duty, provisionally, pending final determination, on all imports of acrylic
yarn, originating in, or exported from, Nepal;
Now,
therefore, in exercise of the powers conferred by sub-section (2) of section 9A
of the said Customs Tariff Act, read with rules 13 and 20 of the Customs Tariff
(Identification, Assessment and Collection of Anti-dumping Duty on Dumped
Articles and for Determination of Injury) Rules, 1995, the Central Government,
on the basis of the above findings of the Designated Authority, hereby imposes
on Acrylic Yarn, falling under heading No. 54.02 or 55.09 of First Schedule to
the said Customs Tariff Act, originating in, or exported from, Nepal and
exported by exporters/producers specified in column (2) of the Table given
below, and imported into India, an anti-dumping duty at the rate specified in
the corresponding entry in column (3) of the said Table.
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S.No.
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Name
of the exporter/ producer
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Anti-dumping
duty (US $ per kg.)
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(1)
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(2)
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(3)
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1.
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M/s. Reliance
Spinning Mills Ltd.
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0.69
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2.
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All other
exporters/producers
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0.84
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2. The
anti-dumping duty imposed under this notification shall be effective upto and
inclusive of the 9th day of April 2002, and shall be payable
in Indian currency.
Explanation:
For the purposes of this notification, rate of exchange applicable for the
purposes of calculation of anti-dumping duty shall be the rate which is
specified in the notification of the Government of India in the Ministry of
Finance (Department of Revenue), issued from time to time, in exercise of the
powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of
the Customs Act, 1962 (52 of 1962) and the relevant date for the determination
of the rate of exchange shall be the date of presentation of the �bill of
entry� under section 46 of the said Customs Act.
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