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Customs Notification No. 4/2002   dated 10.1.2002
Anti-dumping duty on imports of Acrylic Fibre

            WHEREAS in the matter of import of Acrylic Fibre, below 1.5 denier (1.65 DX), falling under sub-heading No. 5501.30 or 5503.30 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from Italy, the designated authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 6th December, 2001, has come to the conclusion that-

(a)     Acrylic Fibre has been exported to India from Italy below its normal value;

(b)     the domestic industry has suffered injury;

(c)     the material injury has been caused by the dumped imports from Italy;

and the designated authority has considered it necessary to impose anti-dumping duty, provisionally, pending final determination, on all imports of Acrylic Fibre, below 1.5 denier (1.65 DX), originating in, or exported from, Italy;

            NOW, therefore, in exercise of the powers conferred by sub-section (2) of section 9A of the said Customs Tariff Act, read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, on the basis of the above findings of the designated authority, hereby imposes on Acrylic Fibre, below 1.5 denier (1.65 DX), falling under sub-heading No. 5501.30 or 5503.30 of the First Schedule to the said Customs Tariff Act, originating in, or exported from Italy, and exported by exporters specified in column (2) of the Table annexed hereto, and imported into India, an anti-dumping duty at the rate specified in column (3) of the said Table.

Table

2.            The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the 9th day of July, 2002, and shall be payable in Indian currency.

            Explanation. - For the purposes of this notification, rate of exchange applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.

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