Anti Dumping Duty on Viscose Filament Yarn - No Resurrection, but Extended
ANTI Dumping Duty on Viscose Filament Yarn, falling under Chapter 54, was imposed by Notification No. 45/2006-Cus dated 24.05.2006, which would have expired on 23.05.2011, but was extended till 24.02.2012 by Notification No. 38/2011-Cus dated 09.05.2011. AND SO, THIS EXPIRED ON 24.02.2012.
The Designated Authority had on 24.02.2012 (the date on which the ADD expired) recommended extension of the duty. The Revenue Department slept for two months and has now issued a fresh notification imposing Anti Dumping Duty on the product for another five years.
Fortunately, now there is no retrospective imposition – but had the Customs allowed clearance without Anti Dumping Duty in the last two months?.
Notification No. , Dated : May 04, 2012