CA NeWs Beta*: Seeks to levy provisional safeguard duty on imports of Saturated Fatty Alcohols

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Sunday, August 31, 2014

Seeks to levy provisional safeguard duty on imports of Saturated Fatty Alcohols

Notification No. 03/2014-Customs (SG)
New Delhi, the 28th August, 2014
G.S.R.  (E). – Whereas, in the matter of import of “Saturated Fatty Alcohols with carbon chain length of C8,C10,C12,C14,C16, and C18 including single, blends and unblended (not including branched isomers) which includes blends of a combination of carbon chain lengths, C12-C14, C12-C16, C12-C18, C16-18 and C14-C16 (commonly categorized as C12-C14)” (hereinafter referred to as the subject goods), falling under sub-heading 2905 17 or 3823 70   of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Director General (Safeguard), in his preliminary findings, published vide number G.S.R. 357 (E), dated the 26th May, 2014, in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 26th May, 2014, has come to the conclusion that increased imports of subject goods into India has caused and threatened to cause further serious injury to the domestic producers of subject goods, necessitating the imposition of  safeguard duty on imports of  subject goods into India, and accordingly has recommended the imposition of provisional safeguard duty on imports of the subject goods into India;
            Now, therefore, in exercise of the powers conferred by sub-section (2) of section 8B of the said Customs Tariff Act, read with rules 10 and 14 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government after considering the said findings of the Director General (Safeguards), hereby imposes on subject goods falling under sub-heading 2905 17 or 3823 70 of the First Schedule to the Customs Tariff Act, when imported into India, a provisional safeguard duty at the rate of twenty per cent. ad valorem.
2.         Nothing contained in this notification shall apply to imports of subject goods from countries notified as developing countries under clause (a) of sub-section (6) of section 8B of the Customs Tariff Act, other than Malaysia, Thailand and Indonesia.
3.        The safeguard duty imposed under this notification shall be effective for a period of two hundred days (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette.
[F.No.354/108/2014-TRU]
(Akshay Joshi)
Under Secretary to the Government of India

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