Anti-dumping duty imposed on import of flexible slabstock polyol

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Anti-dumping duty imposed on import of flexible slabstock polyol

AIT News Network

NEW DEHI. The Government has imposed Anti-dumping duty on import of flexible slabstock polyol falling under sub-heading 3907 20 of the First Schedule to the Customs Tariff Act 1975, originating in, or exported from, the United States of America, Japan and Singapore vide Customs Tariff Notification No.15/2008 dated 5^th February 2008.

In the matter of review of anti-dumping on import of the subject goods, originating in, or exported from, the United States of America, Japan, the European Union and Singapore, the designated authority vide its final findings No. 15/25/2006-DGAD dated the 26^th December, 2007, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 26^th December, 2007, came to the conclusion that-

(a) the subject goods have entered from the United States of America at less than its normal value and the dumping margin of the subject goods imported are significant, while current dumping margins of subject goods imported from the European Union and Singapore are negligible;

(b) there is a likelihood of dumping to continue from the United States of America and of intensification or recurrence of dumping from Singapore and Japan if the duties are revoked; there is less likelihood of intensification of imports from the European Union if duties are withdrawn;

(c) the domestic industry suffers insignificant material injury at present due to the dumped imports, but there is a likelihood of recurrence of injury if duties are withdrawn;

(d) therefore, continued imposition of anti dumping duty is warranted against the subject goods originating in, or exported from, the United States of America, to offset dumping and against Singapore and Japan to prevent recurrence of dumping;

and recommended continued imposition of anti-dumping duty against the subject goods originating in, or exported from, the United States of America, to offset dumping and against Singapore and Japan to prevent recurrence of dumping in order to remove the likelihood of injury to the domestic industry.

Further, the earlier Anti-dumping duty Notification No.120/2002 has been rescinded vide Notification No. 16/2008-Customs dated 5^th February 2008.

(Click here for Customs Tariff Notification No. 16/2008)

· Customs duty on import of 539 products from Singapore lowered

· Import of Textiles Products from Bangladesh, Bhutan, Maldives & Nepal exempted from Customs

· Customs duty exempted on import of 127 specified products from Sri Lanka & Pakistan

· Customs duty on import from Bangladesh, Bhutan, Maldives & Nepal lowered

· Imports by Traders exempted from Additional duty of Customs

· Customs Duty on import of 539 products from Singapore being lowered