Notification No. 102 dated 10^th December 1998 (As amended by notification nos.77/99-Customs dated 25^th June 1999; 98/99-Customs dated 23^rd July 1999)

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 377 (E) dated 3^rd July, 1998, in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (i), that the increased import of Acetylene Black have caused serious injury to the domestic producers of Acetylene Black and that imposition of safeguard duty for a period of two years will be in public interest, the Central Government hereby imposes on Acetylene Black (including conductive carbons), falling under Sub-heading No. 2803.00 of the First Schedule to the said Customs Tariff Act, when imported into India, a safeguard duty at the rate of -

(a)      18% subject to a maximum of Rs. 12,950 per metric tonne, when imported upto and inclusive of 9^th day of December, 1999; and

(b)      5% subject to a maximum of Rs. 8,830 per metric tonne, when imported from 10^th December, 1999 to 9^th December 2000 (both days inclusive)

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.     Nothing contained in this notification shall also apply to goods originating in and imported from countries notified as developing countries under clause (a) of sub-section (6) of section 8B of the said Customs Tariff Act other than the Peoples Republic of China, the Philippines, Singapore and South Africa.