The Ministry of Finance (MoF) on December 3, 2021 has issued a notification to make certain changes in the imposition of Anti-Dumping Duty (ADD) in the current imposition of ADD on ‘Axle for Trailers’ which falls under the tariff item 8716 90 10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from the People’s Republic of China.
The designated authority has come to the conclusion that:
• there has been a change in pattern of trade in case of subject goods from the subject country;
• the value addition in converting the Axle for Trailers in CKD/SKD condition into subject goods is significantly less than that the prescribed threshold in 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 Anti-dumping Rules);
• imports of Axle for Trailers in CKD / SKD condition from the subject country are entering at dumped prices.
• the import of Axle for Trailers in CKD/SKD condition from the subject country has undermined the remedial effect of existing anti-dumping measure on the imports of Axle for Trailers originating in or exported from the People’s Republic of China;
The ADD imposed under this notification shall be effective from publication of this notification in the Official Gazette and will be co-terminus with the anti-dumping duty on Axle for Trailers as levied by notification No. 54/2016-Customs (ADD), dated the November 29, 2016 (unless revoked, superseded or amended earlier), and the anti-dumping duty shall be paid in Indian currency.
[Notification No. 69/2021-Customs (ADD)]
