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Notification No. 70/2001, Dated 26th June 2001

26th June, 2001

 

Notification No. 70/2001-Customs

 

                WHEREAS in the matter of import of Strontium Carbonate, falling under sub-heading No. 2836.92 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People’s Republic of China, the designated authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 15th November, 2000, had come to the conclusion that -

(a) Strontium Carbonate, in all forms, originating in, or exported from, the People’s Republic of China, has been exported to India below its normal value;

(b) the domestic industry has suffered material injury by way of decline in its market share and financial losses due to depressed net sales realization on account of price depression caused by low landed prices of the dumped subject goods;

(c) the injury has been caused to the domestic industry by dumping of subject goods originating in, or exported from, the subject country;

                AND WHEREAS on the basis of the aforesaid findings of the designated authority, the Central Government had imposed an anti-dumping duty vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 154/2000–Customs, dated the 26th December, 2000, [G.S.R. 934(E), dated the 26th December, 2000] published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated the 26th December, 2000;

 

                AND WHEREAS the designated authority vide its final findings published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 15th June, 2001 has come to the conclusion that -

    1. Strontium Carbonate, in all forms, originating in, or exported from, the People’s Republic of China has been exported to India below its normal value;

    2. The domestic industry has suffered material injury by way of decline in its market share and financial losses due to depressed net sales realization on account of price depression caused by low landed prices of the dumped subject goods;

    3. The injury has been caused by dumping of subject goods originating in or exported from the People’s Republic of China.

                Now, therefore, in exercise of the powers conferred by sub-section (1), read with sub-section (5) of section 9A of the said Customs Tariff Act, and rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, on the basis of the aforesaid final findings of the designated authority, hereby imposes on said Strontium carbonate, falling under sub-heading No. 2836.92 of the First Schedule to the said Customs Tariff Act, originating in, or exported from, the People’s Republic of China, and imported into India, an anti-dumping duty at the rate of US $ 213.37 per metric tonne.

  1. The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty, i.e. the 26th December, 2000; and shall be paid in Indian currency.

Explanation - For the purposes of this notification, "rate of exchange" applicable for the purposes 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 under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, (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.

 

F.No.354/202/2000-TRU (Pt-II)

 

(G.D.LOHANI)

UNDER SECRETARY TO THE GOVERNMENT OF INDIA

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