Customs Notification No. 1 dated 1^st January 2003

WHEREAS in the matter of import of Induction Hardened Forged Rolls also known as Forged Cold Rolling Mills Rolls including work rolls and back up rolls (sizes above 300 mm dia) (hereinafter referred to as the subject goods), classified under sub-heading 8455.30 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Russia, Ukraine and Korea RP (hereinafter referred to as the subject countries), the designated authority vide its preliminary findings Notification No. 14/13/2002-DGAD, dated the 11^th December, 2002, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 11^th December, 2002, has come to the conclusion that �

         (a)     the subject goods in all forms originating in or exported from the subject countries have been exported to India below its normal value;

         (b)     the domestic industry has suffered material injury by way of financial losses due to depressed net sales realization on account of price depression caused by low landed prices of the dumped subject goods;

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

and has recommenced imposition of provisional anti-dumping duty, pending final determination, on imports of Induction Hardened Forged Rolls also known as Forged Cold Rolling Mills Rolls including work rolls and back up rolls (sizes above 300 mm dia), originating in, or exported from, the subject countries;

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 aforesaid findings of the designated authority, hereby imposes on the goods, the description of which is specified in column (3) of the Table below, falling under sub-heading of the First Schedule to the said Customs Tariff Act as specified in the corresponding entry in column (2), the specification of which is Specified in column (4) of the said Table, originating in the countries as specified in the corresponding entry in column (5), and produced by the producers as specified in the corresponding entry in column (7), when exported from the countries as specified in the corresponding entry in column (6), by the exporters as specified in the corresponding entry in column (8), and imported into India; an anti-dumping duty at a rate which is equivalent to the difference between, the amount as specified in the corresponding entry in column (9), in the currency as specified in the corresponding entry in column (11) and per unit of measurement as specified in the corresponding entry in column (10), of the said Table, and the landed value of such imported goods in like currency per like unit of measurement.

TABLE

2.      The anti-dumping duty imposed under this notification shall be effective up to and inclusive of the 30^th day of June 2003, and shall be payable in Indian currency.