Whereas in the matter of import of Hard ferrite Ring Magnets, falling under Chapter 85 of the First Schedule to the Customs Tariff Act, 1975(51 of 1975) originating in or exported from China P.R. the Designated Authority vide its preliminary findings in the Gazette of India, Extraordinary, Part I, Section-I, dated the 1^st April 1999 had come to the conclusion that:

(a)      Hard Ferrite Ring Magnets originating in, or exported from, China P.R. has been exported to India below normal value; resulting in dumping;

(b)      the Indian industry has suffered material injury;

(c)      the injury has been caused cumulatively by the imports from the subject country;

And Whereas on the basis of the aforesaid findings of the Designated Authority, the Central Government has imposed an anti-dumping duty vide notification of the Government of India in the Ministry of Finance, (Department of Revenue), No.54/99 Customs, dated the 4^th May, 1999(G.S.R 307(E), dated the 4^th May 1999), published in Part II, Section 3, Sub-section (I) of the Gazette of India, Extraordinary, dated the 4^th May, 1999.

And Whereas the Designated Authority vide its final findings, dated the 12^th July, 1999, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 12^th July, 1999 has come to the conclusion that-

(a)      Hard Ferrite Ring Magnets originating in, or exported from, China P.R., has been exported to India normal value;

(b)      the domestic industry had suffered material injury;

(c)      the injury has been caused to the domestic industry by the dumping of the subject goods originating, in., or exported from, China P.R.

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 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 final findings of the Designated Authority, hereby imposes on the said Hard Ferrite Ring Magnets falling under Chapter 85 of the First Schedule to the said Customs Tariff Act, 1975(51 of 1975 and originating, in or exported from , China PR and imported into India, an anti-dumping duty at a rate which is equivalent to the difference between Rs 36(Rupees thirty six only) per kilogram and the landed value of the said imported Hard Ferrite Ring Magnets per Kilogram.

The anti-dumping duty imposed under this notification shall be levied with effect from the date of the imposition of the provisional duty i.e. 4^th May 1999.