Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

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..... teral Safeguard Measures) Rules, 2017.
31/2020 Dated:- 13-7-2020 Customs -Tariff
Customs
Miscellaneous Exemption Notifications
Cus
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 31/2020-Customs New Delhi, the 13th July, 2020 G.S.R. 444(E).-Whereas in the matter concerning imports of "Polybutadiene Rubber" (hereinafter referred to as the subject goods) falling under .....

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..... d whereas, in the preliminary findings of the Bilateral Safeguard investigation issued vide F.No.22/7/2019-DGTR, dated the 12th May, 2020, published in the Gazette of India, Extraordinary dated the 12th May, 2020, the Authority has provisionally concluded that- (i) the domestic industry has suffered serious injury as a result of duty concessions granted to Korean imports leading to increased imp .....

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..... e level of Most Favoured Nation duty on the subject goods as on the date of application of the bilateral safeguard measure or Most Favoured Nation duty on the subject goods on the day immediately preceding the date of entry into force of the Trade Agreement, whichever is less, for a period of 200 days. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 25 of the Cus .....

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..... give effect to the provisional bilateral safeguard measure, as recommended by the Director General of Trade Remedies, - (a) nothing contained in serial number 342 and entries relating thereto in the said Table shall have effect up to and inclusive of the 28th day of January 2021, and (b) the entries contained in serial number 342A in the said Table shall have effect up to and inclusive of the .....

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