Anti-Dumping Duty: Strontium Carbonate export originating from People�s
Republic of China
WHEREAS in the matter of import of Strontium Carbonate, falling
under sub-heading No. 2836.92 of the First Schedule to the Customs Tariff Act,
1975 (51 of 1975), originating in, or exported from the People�s Republic of
China, the designated authority vide its preliminary findings, published in the
Gazette of India, Extraordinary, Part I, Section 1, dated the 15th
November, 2000, has come to the conclusion that -
(a)
Strontium Carbonate, in all forms originating in, or exported from, the
People�s Republic of China, have been exported to India below its normal
value;
(b)
the domestic industry has suffered material injury by way of decline in
its market share and 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 dumping of subject
goods originating in, or exported from, the subject country;
Now, therefore, in exercise of powers conferred by sub-section (2)
of section 9A of the said Customs Tariff Act, read with rule 13 and rule 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 Strontium Carbonate, falling under sub-heading No.
2836.92 of the First Schedule to the said Customs Tariff Act, originating in, or
exported from, the People�s
Republic of China, and when imported into India, an anti-dumping duty at the
rate of US dollars 291.76 per metric tonne.
2.
The anti-dumping duty imposed under this notification shall be effective upto
and inclusive of the day of 25th June 2001, and shall be payable
in Indian currency.
Explanation: For the purpose 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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