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Safeguard duty on Carbon Black falling under 2803.00
Notification
No. 73 dated 9th October 1998
In
exercise of the powers conferred by sub-section (1) of section 8B of the Customs
Tariff Act, 1975 (51 of 1975), read with rules 12 and 14 of the Customs Tariff
(Identification and Assessment of Safeguard Duty) Rules, 1997, and based upon
the final findings of the Director General (Safeguards) published vide No. GSR
388 (E) dated 15th July, 1998 in the Gazette of India Extraordinary,
Part II, section 3, sub-section (i), that the increased import of Carbon Black
for rubber industry including tyre industry into India has caused a threat of
serious injury to the domestic industry, the Central Government hereby imposes
on Carbon Black falling under heading 2803.00 of the First Schedule to the said
Customs Tariff Act, when imported into India, a safeguard duty at the rate of
10% ad valorem.
2.
Nothing contained in this notification shall apply to imports made under
an Advance Licence, subject to the Condition that the exempt article shall not
be disposed of or utilised in any manner except for utilisation in discharge of
export obligation or for replenishment of article so utilised and the article so
replenished shall not be sold or transferred to any other person.
3.
This notification shall have effect upto and inclusive of the 28th
day of February 1999.
Explanation:
In this notification, �Advance Licence� means, -
(i)
Quantity Based Advance Licence issued in terms of paragraph 50 of the Export
and Import Policy 1 April, 1992-31 March, 1997 published vide Public Notice of
the Government of India in the Ministry of Commerce No. 1-ITC (PN)/92-97,
dated the 31st March, 1992, as amended from time to time, and
endorsed with non-transferable and actual user condition; or
(ii)
Quantity Based Advance Licence issued in terms of paragraph 7.4 of the Export
and Import Policy 1 April, 1997-31 March, 2002 published vide Notification of
the Government of India in the Ministry of Commerce No. 1/1997-2002, dated the
31st March, 1997, as amended from time to time.
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