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Anti-dumping Duty: Ethylene Propylene Dime Rubber (EPDM) originating
exports from Korea RP
Notification No. 70 dated 19th May
2000
WHEREAS in the matter of import of
Ethylene Propylene Dime Rubber (EPDM) falling under Chapters 39 or
40 of the First Schedule to the Customs Tariff Act, 1975(51 of 1975),
originating in or exported from, Korea RP, the Designated Authority vide its
preliminary findings, published in the Gazette of India Extraordinary, Part I,
Section 1, dated the 23rd March 2000 has come to the conclusion that-
(a) Ethylene Propylene Dime Rubber (EPDM) originating in, or exported
from, Korea RP has been exported to India below its normal value, resulting in
dumping;
(b) the Indian industry has suffered material injury;
(c) the injury has been caused by the imports from the subject country;
and has considered it necessary to
impose anti dumping duty, provisionally, pending final determination on all
imports of Ethylene Propylene Dime Rubber (EPDM), originating in or exported
from the subject country.
Now, therefore, in exercise of the
powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), 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 findings of the Designated Authority, hereby
imposes on Ethylene Propylene Dime Rubber (EPDM), falling under Chapters 39 or
40 of the First Schedule to the said Customs Tariff Act, 1975(51 of 1975), originating in, or exported
from, Korea RP when exported by the exporter mentioned in the column (2) of the
Table hereto annexed, and imported into India, an anti-dumping duty at the rate
specified in the corresponding entry in column (3) of the said Table.
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S. No.
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Name of
the Exporter/ Producer
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Amount
of duty
(US$ per
M.T)
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(1)
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(2)
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(3)
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1.
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M/s Kumho
Polychen Company Ltd.
(KPC) Korea
RP
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124.00
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2.
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Any
other Exporter
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124.00
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This notification shall have effect
upto and inclusive of the 18th day of November 2000.
Explanation-
For the purposes of this notification, the anti-dumping duty shall be
paid in Indian currency and the �rate of exchange� applicable for the
purposes of calculation of such 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 powers
under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said
Customs Act and the relevant date for determination of the �rate of
exchange� shall be the date of presentation of the �bill of entry�
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