Anti-Dumping Duty Imposed on Isopropyl AlcoholNotification No 20/2002-Customs dates 22 February, 2002
Whereas, in the matter of import of Isopropyl Alcohol, falling under sub-heading 2905.12 of the first schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from the United States of America, the People’s Republic of China, the European Union, and Singapore, the designated authority, vide its preliminary findings, published in the Gazette of India, Extraordinary, Part 1, Section 1, dated 5 February, 2002, has come to the conclusion that (a) Isopropyl Alcohol (bulk and packed), originating in or exported from, the United States of America, the European Union and Singapore, have been exported to India, below their normal value;
(b) the domestic industry has suffered material injury (c) the injury has been caused by the dumped imports from the United States of America, the People’s Republic of China, the European Union and Singapore in order to remove the injury to the domestic industry.
Now, therefore, in exercise of powers conferred’ by sub-section (2) of section 9A of the said Customs Tariff Act, read with rules 13 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 findings of the designated authority, hereby imposes on Isopropyl Alcohol of the description mentioned in column (3) of the Table annexed hereto, falling under-sub-heading 2905.12 of the First Schedule to the Customs Tariff Act, originating in, or exported from, country/ territory mentioned in column (2) of the said Table, exported by all exporters or manufacturers and imported into India, an anti-dumping duty at the rate which is to be calculated as the difference between the amount mentioned in the corresponding entry in column (4) of the said Table and the landed value of such imported Isopropyl Alcohol.
2 The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the 21 day of August, 2002 and shall be payable in Indian currency.
Explanation-For the purposes of this notification,
(a) ‘‘Landed value’’ means the assessable value as determined under the Customs Act, 1962 (52 of 1962) and includes all duties of Customs expect duties levied under section 3, 3A, 8B, 9 and 9A of the said Customs Tariff Act; (b) rate of exchange applicable for the purposes of calculation of anti-dumping duty shall be the rate which 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 (a) of subsection (3) of section 14 of the said Customs Act and the relevant date for 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.
(G D Lohani) Under Secretary to the Government of India Ministry of Finance, Department of Revenue (F No 354/21/2002-TRU)