WHEREAS
in the matter of Gamma Ferric Oxide, falling under sub-heading No.2821.10 of the
First Schedule to the Customs Tariff Act, 1975 (51 of 1975), the Director
General (Safeguards), vide his final findings, published in the Gazette of
India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 20th
December, 2000 has come to the conclusion that increased imports of Gamma Ferric
Oxide into India have caused and threatened to cause further injury to the
domestic producers of Gamma Ferric Oxide and it will be in public interest to
impose safeguard duty for a period of two and a half years, on imports of Gamma
Ferric Oxide into India;
Now therefore, in exercise of the powers conferred by sub-section (1) of
section 8B of the Customs Tariff Act, 1975 (51 of 1975), read with rules 12 and
14 of the Customs Tariff (Identification and Assessment of Safeguard Duty)
Rules, 1997, the Central Government after considering the said final findings of
the Director General (Safeguards), hereby imposes on Gamma Ferric Oxide, falling
under sub-heading No.2821.10 of the First Schedule to the said Customs Tariff
Act, when imported into India, a safeguard duty at the rate of –
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(1) |
23%
ad valorem, if imported upto and inclusive of the 23rd day of
January, 2002; |
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(2) |
20%
ad valorem, if imported on or after the 24th day of January,
2002 but not later than the 23rd day of January, 2003; and |
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(3) |
15%
ad valorem, if imported on or after the 24th day of January,
2003 but not later than 23rd day of July, 2003. |
2.
Nothing contained in this notification shall apply to imports of Gamma
Ferric Oxide made -
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(a) |
under
an Advance Licence, subject to the condition that the said Gamma Ferric
Oxide shall not be disposed of or utilized in any manner except for
utilization in discharge of export obligation, or for replenishment of
article so utilized and the article so replenished shall not be sold or
transferred to any other person; |
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(b) |
from
countries notified as developing countries under clause (a) of sub-section
(6) of section 8B of the said Customs Tariff Act. |
Explanation.-
In this notification, “ Advance Licence” means,-
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(i) |
Quantity
Based Advance Licence issued in terms of paragraph 50 of the Export and
Import Policy 1st April, 1992- 31st March 1997
published vide public notice of the Government of India in the Ministry of
Commerce No. 1-ITC(PN)/92-97, dated the
31st March, 1992, as amended from time to time, and
endorsed with non-transferable and actual user condition; or |
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(ii) |
Quantity
Based Advance Licence issued in terms of paragraph 7.4 of the Export and
Import Policy 1st April, 1997- 31st March 2002
published vide notification of the Government of India in the Ministry of
Commerce No. 1/1997-2002, dated the
31st March, 1997, as amended from time to time; or |
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(iii) |
Annual
Advance Licence issued in terms of paragraph 7.4A of the Export and Import
Policy 1st April, 1997- 31st March 2002 published
vide notification of the Government of India in the Ministry of Commerce
No.1/1997-2002, dated the 31st March, 1997, as amended from
time to time. |
Sd/-
(G.D.Lohani)
Under Secretary to the Government of India