MoF issues notification on anti-dumping duty on imports of Toluene Di-isocyanate

Sep 22, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Ministry of Finance (MoF) on September 21, 2022, in the matter of continuation of anti-dumping duty on imports of “Toluene Di-isocyanate” falling under tariff item 2929 10 20 of the First Schedule to the Customs Tariff Act, originating in or exported from China PR, Japan and Korea RP, initially imposed vide notification of the Government of India, Ministry of Finance (Department of Revenue), No. 25/2017-Customs (ADD), dated June 05, 2017.

And whereas, in the matter of review of anti-dumping duty on imports of the subject goods, originating in or exported from the subject countries, the designated authority in its final findings, has come to a conclusion that- 

(i)There is continued dumping of the subject goods from the subject countries and the imports are likely to enter the Indian market at dumped prices in the event of cessation of duty.

(ii)Dumped imports from subject countries are causing injury to the domestic industry.

(iii)The information on record shows the likelihood of continuation of dumping and injury in case the anti-dumping duty in force is allowed to cease at this stage.

(iv)There is sufficient evidence to indicate that the revocation of the anti-dumping duty at this stage will lead to a continuation of dumping and injury to the domestic industry,

And has recommended continued imposition of the anti-dumping duty on imports of the subject goods, originating in or exporting from the subject country, to remove injury to the domestic industry.

The Central Government, after considering the aforesaid final findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in the Table attached to the document.

[Notification No. 28/2022-Customs (ADD)]


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