Budget 2020-21 + FINANCE BILL, 2020
1.
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Anti-Dumping Rules provides for manner and procedure for investigation into dumping of goods that cause injury to domestic industry. These rules also provide for investigation into cases of circumvention of antidumping duty by the exporters of subject goods to India. Changes are being made in the Rules to strengthen the anti-circumvention measures by making them more comprehensive and wider in scope to take care of all types of circumventions of antidumping duty in line with best international practice. Certain other changes are being made in these Rules for bringing clarity in the scope of these rules.
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2.
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The Countervailing Duty Rules provide for manner and procedure for causing investigation into the cases of imports of subsidized goods that cause injury to domestic industry. At present, there is no provision for investigation in case of circumvention of countervailing duties. A provision is being incorporated in the Countervailing Duty Rules to enable investigation into case of circumvention of countervailing duty for enabling imposition of such duty. Certain other changes are being made for bringing clarity in the Rules.
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3.
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Revocation of Anti-dumping duty on import of Purified Terephthalic Acid originating in or exported from: -
i. South Korea and Thailand imposed vide notification No. 28/2019-Customs (ADD) dated 24.7.2019
ii. China. Iran, Indonesia, Malaysia and Taiwan imposed vide notification No. 28/2016-Customs (ADD) dated 5.7.2016
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Full Text:
Budget 2020-21 + FINANCE BILL, 2020
Dated: 3-2-2020