Anti Dumping Duty on ‘Purified Terephthalic Acid' (PTA) - Resurrected
GOVERNMENT had imposed a provisional Anti Dumping Duty on ‘Purified Terephthalic Acid' (PTA) including its variants - Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA) falling under tariff item 2917 36 00 of the First Schedule to the Customs Tariff Act, originating in, or exported from the People's Republic of China, European Union, Korea RP and Thailand, and imported into India, by Notification No. 36/2014-Cus(ADD), dated 25.07.2014.
The Notification emphatically stated that the anti dumping duty imposed under this notification shall be levied for a period not exceeding six months (unless revoked, amended or superseded earlier) from the date of publication of this notification.
Reporting this, DDT 2406 had commented, "The notification does not specify as to what happens if the Board forgets to revalidate it after six months."
And the Notification expired on 24.01.2015 and as usual, the Board forgot to extend it.
Now they have imposed definitive anti dumping duty retrospectively with effect from 25.07.2014 - after four months of its demise.
What do you do when the Revenue Department has no respect for the law framed by it, the judgement of the High Court or even its own circular? Poor Mr. Jaitley seems to be unaware of this retrospective illegality right under his nose.
Notification No. , Dated: May 27, 2015