CBIC Seeks to extend the levy of ADD on Fishnet/ Fishing Nets exported from China

The Central Board of Indirect Taxes and Customs(CBIC) has extend the levy of ADD on Fishnet/ Fishing Nets exported from China via issuing Notification.

Reetu | Jan 7, 2023 |

CBIC Seeks to extend the levy of ADD on Fishnet/ Fishing Nets exported from China

CBIC Seeks to extend the levy of ADD on Fishnet/ Fishing Nets exported from China

The Central Board of Indirect Taxes and Custom(CBIC) has extend the levy of ADD on Fishnet/ Fishing Nets exported from China via issuing Notification.

The Notification Stated, “Whereas, the designated authority vide initiation notification No. 7/22/2022-DGTR dated 30th September, 2022, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 30th September, 2022, has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) read with rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of anti-dumping duty on imports of “Fishing Net” (hereinafter referred to as the subject goods) falling under Tariff Heading 5608 11 10 of the First Schedule to the Customs Tariff Act, originating in or exported from China PR (hereinafter referred to as the subject country), imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 20/2018- Customs(ADD), dated 10th April, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 359(E), dated the 10th April, 2018, and has requested for extension of the said antidumping duty in terms of sub-section (5) of section 9A of the Customs Tariff Act.”

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 23 of the said rules, the Central Government hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 20/2018-Customs(ADD), dated 10th April, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 359(E), dated the 10th April, 2018.

In the said notification, after paragraph 2 and before the Explanation, the following paragraph shall be inserted, namely-

“3. Notwithstanding anything contained in paragraph 2, the anti-dumping duty imposed on the subject goods specified against serial numbers 1, 2, 3, and 4 of the TABLE above shall remain in force up to and inclusive of the 9th July, 2023, unless revoked, superseded or amended earlier.”

For Official Notification Download PDF Given Below:

 

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