Definitive Anti Dumping Duty imposed on acetone – yet another dead notification resurrected
The only Authority that believes n resurrection in the 21 st Century is the Central Board of Excise and Customs.
By Notification No. 77/2007-CUSTOMS, dated the 19 th June, 2007, provisional anti dumping duty was imposed on acetone originating in, or exported from, European Union, Chinese Taipei, Singapore, South Africa and the United States of America and this notification was to be effective up to and inclusive of the 18th December, 2007.
On 18 th December 2007, nobody remembered to extend this notification and so it lapsed. But suddenly somebody remembered about this and definitive anti dumping duty is imposed on acetone with effect from the original date of imposition that is 19 th June, 2007.
But what about the period from 19 th December 2007 to March 11 th 2008, during which there was no notification imposing anti dumping duty on the product?
Government incompetence can always be corrected with retrospective effect and for the assessee it is always penalty and interest for suppression and wilful evasion!
NOTIFICATION NO. ., Dated: March 11, 2008