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Anti-Dumping Duty: Zinc Oxide export originating from People�s Republic
of China
WHEREAS in the matter of import of Zinc Oxide, falling under
heading No. 28.17 or sub-heading No. 3812. 30 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 7th March, 2001 has come to the conclusion that -
(a)
Zinc Oxide, in all forms, originating in, or exported from, the
People�s Republic of China, has been exported to India below its normal value;
(b)
the domestic industry has suffered material injury by way of depressed
net sales realization on account of price suppression caused by low landed
prices of dumped subject goods from the People� s Republic of China leading to
financial losses;
(c)
the injury has been caused to the domestic industry by dumping of subject
goods, originating in, or exported from the People�s Republic of China;
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 Zinc Oxide of all grades of 99.5% purity, falling
under heading No. 28.17 or sub-heading No. 3812.30 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 578.75 per metric tonne.
2.
The anti-dumping duty imposed under this notification shall be effective
upto and inclusive of the 8th day of October 2001, and shall
be payable in Indian currency.
3. The
rate of anti-dumping duty for Zinc Oxide of all grades of purity other than
99.5% shall be worked out on pro rata basis.
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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