Anti-dumping duty on NTCF - Re-imposed - No retro
THE ADD on import of Nylon Tyre Cord Fabric originating in or exported from the People's Republic of China was originally imposed by notification No. 72/2004-Customs, dated the 26th July 2004 provisionally and confirmed by Notification No. 36/2005-Cus, dated 27.04.2005. (The provisional notification expired on 25th January 2005 and was retrospectively validated three months later). The validated definitive notification which would have expired on 26.07.2009 was rescinded by notification 42/2009-Cus.dated 29th April, 2009. Inasmuch as the Government re-imposed the anti-dumping duty much before its expiry by a fresh notification 41/2009-Cus dated 29th April, 2009.
This notification 41/2009-Cus dated 29th April, 2009 lost steam after five years on 28th April, 2014. Perhaps everyone in the Board was too busy to notice this. So, after more than a fortnight, an amending notification 21/2014, dated 16.05.2014 was issued which simply extended the validity till the 28th day of April, 2015.
On 28th April, 2015, obviously they forgot again and now they have re-imposed the duty, but thankfully there is no retrospective imposition.
Maybe a new welcome culture has started in the Board of not imposing the tax retrospectively. Let us hope it continues.
Notification No.., Dated: June 12, 2015