The Ministry of Finance (MoF) on December 21, 2021 has issued a notification to impose Anti-Dumping Duty (ADD) on Hydrofluorocarbon (HFC) Component R-32 which falls under tariff sub-heading 2903 39 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) originates in, or exported from the China PR.
After final findings the Designated Authority has come to the conclusion that:
(i) the product under consideration has been exported at a price below normal value, thus resulting in dumping;
(ii) the domestic industry has suffered material injury;
(iii) there is causal link between dumping of product under consideration and injury to the domestic industry,
and has recommended imposition of anti-dumping duty on imports of the subject goods, originating in, or exported from the subject countries and imported into India, in order to remove injury to the domestic industry.
The Anti-Dumping Duty (ADD) imposed in this notification shall be levied for a period of 5 years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
[Notification No. 75/2021-Customs (ADD)]
