The Ministry of Finance (MoF) on March 11, 2024, issued a notification regarding imposing a definitive countervailing duty on New/Unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres), having nominal rim dia code above 16 used in buses and lorries/trucks originating in or exported from, Peoples Republic of China.
The Central Government hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 1/2019-Customs (CVD), dated the 24th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 449(E), dated the 24th June, 2019, namely: -
In the said notification, after paragraph 2, and before the Explanation, the following paragraph shall be inserted, namely: - “3. Notwithstanding anything contained in paragraph 2, the countervailing duty imposed under this notification shall remain in force up to and inclusive of the 23rd July 2024, unless revoked, superseded or amended earlier.”
[Notification No. 01/2024-Customs (CVD)]
