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Safeguard duty on import of saturated fatty alcohol - All About Finance

Safeguard duty on import of saturated fatty alcohol

 [TO
BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (i)]

 Government of
India

Ministry of
Finance

(Department of
Revenue)

 

Notification

No.
1/2015-Customs (SG)

 New Delhi, the
13th March, 2015

 

 

G.S.R. (E). – Whereas,
in the matter of import of “Saturated Fatty Alcohols with carbon chain length
of C8,C10,C12,C14,C16 and C18 including single, blends and unblended (not
including branched isomers) which includes blends of a combination of carbon
chain lengths, C12-C14, C12-C16, C12-C18, C16-18 and C14-C16 (commonly
categorized as C12-C14)” (hereinafter referred to as the subject goods),
falling under tariff item 2905 17 00 or sub-heading 3823 70 of the First
Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to
as the Customs Tariff Act), the Director General (Safeguard), in his
preliminary findings, published vide number G.S.R. 357 (E), dated the
26th May, 2014, in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), dated the 26th May, 2014, had come to the conclusion that
increased imports of subject goods into India has caused and threatened to
cause further serious injury to the domestic producers of subject goods,
thereby necessitating the imposition of provisional safeguard duty on imports
of the subject goods into India;

 

And, whereas, on the basis of the aforesaid findings
of the Director General (Safeguard), the Central Government had imposed
provisional safeguard duty on import of the subject goods into India for a period
of two hundred days from 28th August, 2014 vide notification of the
Government of India in the Ministry of Finance (Department of Revenue), No.
03/2014-Customs (SG), dated the 28th August, 2014, published in the Gazette of
India, Extraordinary, Part II, Section 3, Sub-section (i), vide number
G.S.R. 623(E), dated the 28th August, 2014;

 

And, whereas, the Director General (Safeguard) in
its final findings vide number G.S.R. 712(E), dated the 9th October,
2014, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), has recommended imposition of safeguard duty on subject goods
excluding Saturated Fatty Alcohols with carbon chain length of pure C8, falling
under tariff item 2905 17 00 or sub-heading 3823 70 of the First Schedule of
the Customs Tariff Act, for a period of two years and six months from the date
of levy of provisional safeguard duty;

 

Now, therefore, in exercise of the powers conferred
by sub-section (1) of section 8B of the Customs Tariff Act, read with rules 12,
14 and 17 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 (Safeguard), hereby imposes on subject goods
excluding Saturated Fatty Alcohols with carbon chain length of pure C8, falling
under tariff item 2905 17 00 or sub-heading 3823 70 of the First Schedule to
the Customs Tariff Act, when imported into India, a safeguard duty at the
following rate, namely:-

 

(a)   
twenty per cent. ad valorem when
imported during the period from 28th August, 2014 to 27th August, 2015 (both
days inclusive);

 

 

(b)   
eighteen per cent. ad valorem,
when imported during the period from 28th August, 2015 to 27th August, 2016
(both days inclusive); and

 

 

(c)   
twelve per cent. ad valorem, when
imported during the period from 28th August, 2016 to 27th February, 2017 (both
days inclusive).

 

  2.                  
Nothing contained in this notification
shall apply to imports of subject goods excluding Saturated Fatty Alcohols with
carbon chain length of pure C8, from countries notified as developing countries
under clause (a) of sub-section (6) of section 8B of the Customs Tariff Act,
other than Malaysia, Thailand and Indonesia.

 

3.               
The
safeguard duty imposed under this notification shall be levied with the effect
from the date of the imposition of provisional safeguard duty, that is, the
28th August, 2014, and
shall bepayable in Indian
currency.

 

 

[F No. 354/108/2014-TRU]

 

 

(Akshay Joshi) 

Under Secretary to the Government of
India

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