Anti Dumping Duty on Cast Aluminium Alloy Wheels - Resurrection. Arun Jaitley's policy of ‘no retrospective tax' goes for a toss in CBEC?
WHEN provisional anti dumping duty was imposed on Cast Aluminium Alloy Wheels or Alloy Road Wheels used in Motor Vehicles, falling under heading 8708 of the First Schedule to the Customs Tariff Act, originating in, or exported from the People's Republic of China, Korea RP and Thailand , for a period of six months from 11.04.2014, DDT commented, "What will happen if they forget after six months? Government can retrospectively amend anything to cause misery to its Citizens." ( 15.04.2014)
This is what exactly happened. The provisional anti dumping duty expired on 10.10.2014 and then they were sleeping. They woke up after seven months and imposed the duty with retrospective effect from 11.04.2014 for a period of five years. What could have been the fate of imports during the period 11.10.2014 to 21.05.2015, when this anti dumping duty was not in force? The Customs Department would illegally force the importers to pay this duty on the assumption that Government was sleeping and will wake up after a few months.
Notification No. ., Dated May 22 2015 .