Anti-dumping duty on NBR - dies in Oct 2008 - resurrected in Jan 2009
Here is the first case, in the New Year, of resurrection of a dead anti-dumping duty and it took place on the second day of the New Year. Anti-dumping duty on Acrylonitrile Butadiene Rubber known as NBR falling under Chapter 40 of the Tariff, was imposed by Notification No.111/2002-Cus dated, 10th October, 2002. This would have expired on 09.10.2007. On 09.10.2007, just in the nick of time, the Government extended this duty till 09.10.2008. But, there was nobody to remind on 09.10.2008, and the Notification apparently had a happy death.
Now, by the first notification of the new year, the government has resurrected the duty on NBR originating in or exported from Korea RP. This notification is effective from 02.01.2009.
Anti-dumping duty is imposed when there is a strong likelihood of imports of articles at dumped prices leading to consequential injury to the domestic industry. Now, does this mean there was dumping from Oct. 2002 to Oct. 2008 and later from January, 2009 and there was no dumping during Oct - Dec., 2008?
The Indian Reminder Service should have a proper mechanism to keep track of the sunset provisions in the laws they dish out.
Notification NO. , Dated, the 2nd January, 2009.