Directorate General of Trade Remedies imposes anti – dumping duty on High Tenacity Polyester Yarn originating or exported from China.

Jul 10, 2018 | by Avantis RegTech Legal Research Team

Directorate General of Trade Remedies vide  notification dated July,09,2018 has imposed anti dumping duty on High Tenacity Polyester Yarn (subject goods) originating or exported from China.

the Designated Authority in its final findings, published in the Gazette of India, Extraordinary, Part I, Section 1, vide notification No. 6/12/2017-DGAD dated 24th May, 2018 has come to the conclusion that

 (i) The subject goods have been exported to India from the subject country below its normal value, resulting in dumping;

(ii) The domestic industry has suffered material injury due to dumping of the product under consideration from the subject country;

 (iii) The material injury has been caused by the dumped imports of the subject goods from subject country;

The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency.

Explanation.- For the purposes of this notification, rate of exchange applicable for the purpose of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act

[Notification 35/2018 ADD];jsessionid=42E8DC7983F036B9D0039F12F245C990


Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.