Notification No. 82 dated 30^th June 1999 (As amended by notification no. 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) dated the 12^th May, 1999, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) dated the 11^th June, 1999, vide No. G.S.R. 430(E), that increased imports of Phenol into India have threatened to cause serious injury to the domestic producers of Phenol and it would be in the public interest to impose safeguard duty for a period of two years on imports of Phenol into India, the Central Government after considering the above mentioned findings of the Director General (Safeguards), hereby imposes on Phenol, falling under sub-heading number 2907.11 of the First Schedule to the said Customs Tariff Act, when imported into India, a safeguard duty at the rate of -

(a)      22%, when imported upto and inclusive of the 29^th day of February, 2000; and

(b)      15%, when imported from the 1^st of March 2000 to 29^th day of June 2001 (both days inclusive).

2.     Nothing contained in this notification shall apply to imports made -

(a)      under an advance licence, subject to the condition that the exempt article 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 and in respect of the goods originating in countries notified as developing countries under clause (a) of sub-section (6) of section 8B of the said Customs Tariff Act, other than South Africa.