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Safeguard duty on Gamma Ferric Oxide
Notification
No. 6 dated 24th January 2001
WHEREAS
in the matter of Gamma Ferric Oxide, falling under sub-heading No.
2821.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), the
Director General (Safeguards) vide his final findings, published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 20th
December, 2000 has come to the conclusion that increased imports of Gamma Ferric
Oxide into India have caused and threatened to cause further injury to the
domestic producers of Gamma Ferric Oxide and it will be in public interest to
impose safeguard duty for a period of two and a half years, on imports of Gamma
Ferric Oxide into India;
Now
therefore, 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,
the Central Government after considering the said final findings of the Director
General (Safeguards), hereby imposes on Gamma Ferric Oxide, falling under
sub-heading No. 2821.10 of the First Schedule to the said Customs Tariff Act,
when imported into India, a safeguard duty at the rate of -
(1)
23% ad valorem, if imported upto and inclusive of the 23rd day
of January, 2002;
(2)
20% ad valorem, if imported on or after the 24th day of
January, 2002 but not later than the 23rd day of January, 2003, and
(3)
15% ad valorem, if imported on or after the 24th day of
January 2003 but not later than 23rd day of July 2003.
2.
Nothing contained in this notification shall apply to imports of Gamma
Ferric Oxide made -
(a)
under an Advance Licence, subject to the condition that the said Gamma
Ferric Oxide shall not be disposed of or utilized in any manner except for
utilization in discharge of export obligation, or for replenishment of article
so utilized and the article so replenished shall not be sold or transferred to
any other person;
(b)
from countries notified as developing countries under clause (a) of
sub-section (6) of section 8B of the said Customs Tariff Act.
Explanation:
In this notification,� Advance Licence� means, -
(i)
Quantity Based Advance Licence issued in terms of paragraph 50 of the Export
and Import Policy 1st April, 1992- 31st 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 1st April, 1997-31st 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; or
(iii)
Annual Advance Licence issued in terms of paragraph 7.4A of the Export and
Import Policy 1st April, 1997-31st 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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