Anti-dumping duty on Acetone - New Notification issued
VIDE Notification No 33/2008-Cus 11.03.2008, Government had imposed Anti-dumping duty on Acetone originating in, or exported from EU, Chinese Taipei, Singapore, South Africa and USA (that covers almost major part of the world) and imported into India. This Notification was valid upto 18.06.2012. Government had promptly initiated review on 15.06.2012, just three days before the expiry of the Notification and had requested for extension of anti-dumping duty upto one more year, in terms of sub-section (5) of Section 9A of the said Customs Tariff Act. Now, in the dead Notification No 33/2008-Cus dated 11.03.2008, the following is inserted to bring life back:
"3. Notwithstanding anything contained herein above, this notification shall remain in force up to and inclusive of the 18th day of June, 2013, unless revoked earlier"
Now, the DGAD vide its final findings, No. 15/1/2012-DGAD dated the 13th December, 2013, published in Part I, Section 1 of the Gazette of India, Extraordinary, has recommended continuation of the ADD on this item.
Accordingly, a new Notification No 10/2014 has been issued levying ADD on Acetone. This notification is valid for a period of 5 years. The quantum of ADD and other provisions are identical to Notification No 33/2008 Cus dated 11.03.2008.
What about the dumping for the period from 19th June 2013 to 10th March 2014? Was there no dumping?
Notification No. , Dated: March 11, 2014