Notification No. 74 dated 24^th July 2002 (As Amended by Notification No. 127 dated 15^th November 2002)

WHEREAS in the matter of import of Acrylic Yarn, falling under heading 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 25^th September, 2001, had come to the conclusion that -

(a)��������� Acrylic Yarn had been exported to India from Nepal below its normal value;

(b)��������� the Indian industry had suffered material injury and was being threatened with further injury;

(c)���������� the injury had been caused by the dumped imports from Nepal, -

and the designated authority had considered it necessary to impose anti-dumping duty, provisionally, pending final determination, on all imports of acrylic yarn, originating in, or exported from, Nepal;

AND WHEREAS on the basis of the aforesaid findings of the designated authority, the Central Government had imposed an anti-dumping duty vide notification No. 105/ 2001-Customs, dated the 10^th October, 2001, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated the 10^th October, 2001 vide No. G.S.R. 769 (E), dated the 10^th October, 2001; 

AND WHEREAS, the designated authority, vide its final findings, published in the Gazette of India, Extraordinary, Part I, Section I, dated the 2^nd July, 2002, has come to the conclusion that -

(a)��������� Acrylic Yarn has been exported from Nepal to India below its normal value;

(b)����� the Indian industry has suffered material injury on account of price undercutting, price suppression and significant increase in the volume of dumped imports from Nepal and is being threatened with further injury;

(c)���������� the injury has been caused to the domestic industry by the dumped imports from Nepal;

NOW, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the said Customs Tariff Act, read with rules 18 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 54.02 or 55.09 of the 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.

Provided that nothing contained in this notification shall apply to such Acrylic Yarn, in import of which the exemption under Notification No. 40/ 2002-Customs dated the 12^th April 2002 [G.S.R. 281 (E), dated the 12^th April, 2002] is availed of.

2.���� The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty, i.e., the 10^th October, 2001, and shall be payable in Indian currency.