Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Seeks to impose definitive Countervailing duty on the imports of "Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products" originating in or exported from China PR

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (51 of 1975), hereinafter referred to as the Customs Tariff Act, originating in or exported from, People's Republic of China (hereinafter referred to as the subject country), and imported into India, the designated authority in its final findings, published in the Gazette of India, Extraordinary, Part I, Section 1, vide notification No. 14/18/1015-DGAD, dated the 4th July, 2017 has come to the conclusion that- (i) the subject goods have been exported to India from subject country at subsidised value, thus resulting in subsidisation of the product; (ii) the domestic industry has suffered material injury due to subsidisation of the subject goods; (iii) the material injury has been caused by the subsidised imports of the subject goods origi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Producer Exporter Duty amount as % of landed value (1) (2) (3) (4) (5) (6) (7) (8) 1. 7219 or 7220 Flat-rolled products of stainless steel- (Note below) China PR China PR Any Any 18.95% 2. -do -do- China PR Any Country Any Any 18.95% 3. -do -do- Any Country China PR Any Any 18.95% Note: - (i) Flat Rolled Products of Stainless Steel for the purpose of the present notification implies "Flat rolled products of stainless steel, whether hot rolled or cold rolled of all grades/series; whether or not in plates, sheets, or in coil form or in any shape, of any width, of thickness 1.2mm to 10.5mm in case of hot rolled coils; 3mm to 105mm in case of hot rolled plates & sheets; and up to 6.75 mm in case of cold .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... per Austenitic Stainless steel and representing Grades YU 1 and YU 4, produced and supplied by M/s Yieh United Steel Corp (Yusco) of Chinese Taipei (Taiwan)Custom Notification NO. 61/2015-Customs (ADD)dated 11.12.2015. 2. The countervailing duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency. 1[Provided that the said countervailing duty shall not be levied for the period commencing from the 2nd day of February, 2021 to the 2[31st day of January, 2022.]] Explanation. - For the purposes of this notification, "landed value" shall be the assessa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates