NOTIFICATION No. 5/2021-CUSTOMS (CVD)

NOTIFICATION No. 5/2021-CUSTOMS (CVD)

Seeks to amend notification No. 01/2017 – Customs (CVD) dated 7th September, 2017 so as to extend the temporary revocation of the operation of the said notification up to 31st January, 2022- NOTIFICATION No. 5/2021-CUSTOMS (CVD)

G.S.R. (E). – Whereas, in the matter of import of “Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products” (hereinafter referred to as the ‘subject goods’), falling under heading 7219 or 7220 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act) originating in or exported from People’s Republic of China (hereinafter referred to as the ‘subject country’) and imported into India, the designated authority in its final findings vide notification No. 14/18/2015 – DGAD, dated the 4th July, 2017, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 4th July, 2017, had recommended imposition of definitive
countervailing duty on the imports of subject goods, originating in or exported from the subject country;

And whereas, on the basis of aforesaid findings of the designated authority, the Central Government had imposed definitive countervailing duty on the subject goods vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 01/2017 Customs (CVD),dated the 7th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide number G.S.R. 1137 (E), dated the 7th September, 2017 (hereinafter referred to as the said notification);

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (6) of section 9 of the Customs Tariff Act, read with rules 20 and 22 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995,the Central Government hereby makes the following amendments in the said notification, namely:-

In the said notification, in proviso to paragraph 2, for the figures, letters and word “30th day of September, 2021.”, the figures, letters and word “31st day of January, 2022.” shall be substituted.

Note: The principal notification No. 01/2017 Customs (CVD), dated the 7th September, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1137(E), dated the 7th September, 2017 and was last amended vide notification No. 2/2021- Customs (CVD) dated the 1st February, 2021 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 82(E) dated the 1st February, 2021.

Notification

Also Read: Recommendations of 45th GST Council Meeting

Read More on CBICCustoms

CA Cult