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Date: 2022-10-19 Category: Extra Ordinary State: Union Government Country: India

ADD on Electrogalvanized Steel imported from Korea, Japan and Singapore

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

## Policy Analysis Report: Imposition of Anti-Dumping Duty on Electrogalvanized Steel **1. Executive Summary:** This report analyzes a notification issued by the Ministry of Finance, Department of Revenue, imposing an anti-dumping duty on imports of electrogalvanized steel originating in or exported from Korea RP, Japan, and Singapore. The core purpose of this policy is to protect the domestic industry from material injury caused by dumped imports of electrogalvanized steel. Key findings indicate that anti-dumping duties are now applicable to specific electrogalvanized steel products from the specified countries, with varying rates and conditions as outlined in the attached table. **2. Introduction:** The purpose of this report is to provide an informative overview of the policy notification No. 29/2022-Customs, ADD G.S.R. 782(E), dated 19th October 2022, regarding the imposition of anti-dumping duty on electrogalvanized steel. This analysis is based solely on the provided policy text. **3. Policy Overview:** This is a *new policy* establishing an anti-dumping duty. * **Core Objective(s):** The primary objective, as explicitly stated in the text, is to remove injury to the domestic industry caused by the dumped imports of electrogalvanized steel originating in or exported from Korea RP, Japan, and Singapore. This is achieved by imposing an anti-dumping duty on these imports. **4. Background and Rationale:** The policy addresses the issue of electrogalvanized steel being exported to India from Korea RP, Japan, and Singapore at prices below normal values (dumping). This dumping has caused material injury to the domestic industry. The designated authority, after investigation, recommended the imposition of an anti-dumping duty to rectify this situation. **5. Key Provisions / Changes:** This is a New Policy: * **Imposition of Anti-Dumping Duty:** An anti-dumping duty is imposed on electrogalvanized steel imports falling under tariff headings 7209, 7210, 7211, 7212, 7225, and 7226 of the First Schedule to the Customs Tariff Act, 1975. * **Affected Countries:** The duty applies to electrogalvanized steel originating in or exported from Korea RP, Japan, and Singapore. * **Duty Amounts:** The amount of duty varies depending on the country of origin, country of export, and producer. Some producers, such as POSCO Group, Dongkuk Steel Mill Co. Ltd, Hyundai Steel Company and DK Dongshin Co. Ltd. from Korea RP and Nippon Steel Corporation from Japan, have a duty of NIL. Others have duties of USD 16.05/MT (for other Korean producers), USD 64.08/MT (for other Japanese producers), and USD 79.73/MT (for other Singaporean producers). * **Product Definition:** The product under consideration (PUC) is defined as 'Flat rolled products of hot rolled or cold rolled steel continuously electrolytically plated or coated with zinc, with or without alloying elements', commonly known as Electrogalvanized steel. The text provides a detailed description, including variations and exclusions (e.g., flat rolled steel products plated with alloys of aluminium and zinc are excluded). * **The following are excluded from the scope of product under consideration, namely:** * Flat rolled steel products that are plated or coated with alloy of aluminium and zinc. * Flat rolled steel products that are plated or coated with alloy of zinc and nickel with nickel content being a minimum 9. * Hotdip galvanized flat rolled steel products. * Tinmill flat rolled steel products * Laminated electrogalvanized steel. * Printed electrogalvanized steel. * **Duration:** The anti-dumping duty is effective for five years from the date of publication in the Official Gazette (October 19, 2022), unless revoked, superseded, or amended earlier. * **Currency:** The duty is payable in Indian currency. * **Exchange Rate:** The rate of exchange for calculating the duty is determined according to Section 14 of the Customs Act, 1962, at the date of presentation of the bill of entry. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders include: * **Domestic Electrogalvanized Steel Industry:** The policy aims to protect this industry from unfair competition. * **Importers of Electrogalvanized Steel:** Companies importing electrogalvanized steel from Korea RP, Japan, and Singapore will be directly affected by the anti-dumping duty. * **Producers/Exporters in Korea RP, Japan, and Singapore:** These companies face increased costs when exporting to India. * **Consumers of Products using Electrogalvanized Steel:** These consumers may experience changes in cost as the Electrogalvanized Steel inputs vary in cost. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Central Government (Ministry of Finance, Department of Revenue) is responsible for implementing and enforcing the anti-dumping duty. The Customs authorities will be responsible for collecting the duty. * **Timelines/Procedures:** The duty is effective from the date of publication (October 19, 2022) and remains in effect for five years unless altered. The Customs Act, 1962, and the Customs Tariff Act, 1975, provide the legal framework for implementation. The rate of exchange is determined at the time of bill of entry presentation (section 46 of the Customs Act). **8. Expected Outcomes / Impact of Changes:** The intended outcomes of this policy are: * **Reduced Imports of Dumped Electrogalvanized Steel:** The anti-dumping duty is expected to make imports from the specified countries less attractive, thus reducing the volume of dumped imports. * **Protection of Domestic Industry:** The duty aims to level the playing field and prevent further material injury to the domestic electrogalvanized steel industry, allowing it to compete more effectively. * **Fairer Competition:** The policy promotes fairer competition in the Indian market by addressing the issue of price distortion caused by dumping. * **Potential Price Increases:** Indian manufacturers that rely on electrogalvanized steel from those countries may experience price increases. **9. Conclusion:** The imposition of anti-dumping duty on electrogalvanized steel from Korea RP, Japan, and Singapore represents a significant measure to protect the Indian domestic industry from unfair trade practices. The policy, effective for five years, seeks to create a more equitable competitive environment and prevent further harm to domestic producers. Stakeholders, including importers and foreign exporters, need to be aware of the duty rates and conditions outlined in the notification to ensure compliance and adapt their business strategies accordingly.

Key Entities Referenced

NEW DELHI: Location where the notification was issued. Customs Tariff Act, 1975: Act referred to in the notification related to customs tariffs. Korea RP: One of the subject countries from which Electrogalvanized Steel is imported. Japan: One of the subject countries from which Electrogalvanized Steel is imported. Singapore: One of the subject countries from which Electrogalvanized Steel is imported. Electrogalvanized Steel: The subject goods upon which anti-dumping duty is imposed. Gazette of India: Official government publication in which the final findings were published. Customs Tariff Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury Rules, 1995: Rules pertaining to antidumping duty. Central Government: The entity imposing the antidumping duty. Customs Act, 1962: Act referred to for rate of exchange determination. Ministry of Finance: The ministry issuing the notification. Department of Revenue: The department within the Ministry of Finance issuing the notification. POSCO Group: Producer of Electrogalvanized Steel from Korea RP. Dongkuk Steel Mill Co. Ltd.: Producer of Electrogalvanized Steel from Korea RP. Hyundai Steel Company: Producer of Electrogalvanized Steel from Korea RP. DK Dongshin Co., Ltd.: Producer of Electrogalvanized Steel from Korea RP. Nippon Steel Corporation: Producer of Electrogalvanized Steel from Japan. Mayapuri, New Delhi: Location of the Government of India Press.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-19102022-239749 xxxGIDHxxx CG-DL-E-19102022-239749 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 695] नई ददल्ली, बुधिार, अक्त बू र 19, 2022/ाजमि न 27, 1944 No. 695] NEW DELHI, WEDNESDAY, OCTOBER 19, 2022/ASVINA 27, 1944 जित्त म्ं ालय (रािस्ट्ि जिभाग अजधसचू ना नई ददल् ली, 19 अक् तूबर, 2022 स.ं 29/2022-सीमा िल्ु क एएडीडी सा.का.जन. 782एअ .—िहां दक कोररया गणराज्य , िापान और ससगापुर एएतजममन पम चात जिहेंह व जिगयगत दिे से संदर्भभत दकया गया ह ै म व मलू त: उत् पाददत या िहां स े जनयािजतत और भारत मव ायाजतत “इलैक्र ोग्ल िानाइज्ड स्ट्टील” (एतजममन पम चात जिस े जिगयगत िस्ट्त ु स े सदं र्भभत दकया गया ह)ै , िो दक सीमािुल् क टैरर अजधजनयम, 1975 (1975 का 51) (एतजममन पम चात जिसे उक्त सीमािुल्क टैरर अजधजनयम से संदर्भभत दकया गया ह ै क प्रथम अनुसूची के टैरर िीगिक 7209, 7210, 7211, 7212, 7225 और 7226 के अतं गति ात े ह,ैं के मामले म व जिजनर्ददष् ट प्राजधकारी अजधसूचना संख् या 6/7/2021-डीिीटीार, ददनांक 27 िुलाई, 2022 जिसे 27 िुलाई, 2022 को भारत के रािप्, असाधारण के भाग ।, खंड । म व प्रकाजित दकया गया था, मव अपने अंजतम जनष्क गों मव जनर्ददष्ट प्राजधकारी इस जनष्क गि पर पहचं े ह ैंदक – (i) जिगयगत िस्ट्त ु का जिगयगत दिे से भारत को जनयाित इसके सामाहें य से कम मूल् य पर दकया गया था; (ii) जिगयगत दिे से होन े िाले इस प्रकार के ायात से यहां के उद्योग को िास्ट्तजिक क्षजत हई ह;ै और (iii) इस प्रकार क िास्ट्तजिक क्षजत जिगयगत देि से हए जिगयगत माल के पारटत ायात के कारण हई ह;ै और घरेल ू उद्योग को हई इस क्षजत को दरू करन े के जलए जिगयगत देि म व मलू त: उत् पाददत या िहां से जनयािजतत और भारत म वायाजतत जिगयगत िस्ट् तुओं क के ायात पर प्रजतपाटन िल्ु क लगाए िाने क जस ाररि क हIै 7057 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] अत:, अब सीमा िल्ु क टैरर एपारटत िस्ट्त ुओं क क पहचान, उनका ांकलन और उन पर प्रजतपाटन िुल् क का संग्रहण तथा क्षजत जनधािरण जनयमािली, 1995 के जनयम 18 और 20 के साथ परित उक्त सीमा िुल् क टैरर अजधजनयम क धारा 9क क उप धारा ए1 और ए5 के तहत प्रदत् त िजक्तय का प्रयोग करत े हए, केहें र सरकार, उक्त जनर्ददष् ट प्राजधकारी के उपयुिक् त अंजतम जनष्क गों के ाधार पर, एतद्द्वारा, जिगयगत िस्ट् त,ु जिसका जििरण नीचे सारणी के कॉलम ए3 म व जनर्ददष् ट ह,ै िो दक उक्त सारणी के कॉलम ए2 क तत् संबंधी प्रजिजम मव जनर्ददष् ट सीमा िुल् क टैरर अजधजनयम क प्रथम अनुसूची के टैरर िीगिक के अंतगित ाती ह,ैं कॉलम ए4 क तत्स ंबंधी प्रजिजम मव जिजनर्ददष् ट देि मव मूलत उत्पाददत ह,ै कॉलम ए5 क तत्स ंबंधी प्रजिजम म व जनर्ददम दिे स े जनयािजतत ह,ै कॉलम ए6 क तत्स ंबंधी प्रजिजम म व जिजनर्ददष् ट उत् पादक से उत्पाददत ह ै और भारत म व ायाजतत ह ै पर कॉलम ए7 क तत्स ंबंधी प्रजिजम मव जिजनर्ददष् ट राजि के बराबर क दर से, कॉलम ए9 क तत्संबंधी प्रजिजम म व जिजनर्ददम मुरा म व और कॉलम ए8 क तत्संबंधी प्रजिजम म व जनर्ददम माप इकाई के अनुसार प्रजतपाटन िल्ु क लगाती ह,ै यथा - सारणी क्र.सं िीगिक जिगयगत मूलता का जनयाितक दिे उत् पादक राजि इकाई मुरा . िस्ट्तु/ दिे जिचाराधीन उत्पाद का जििरण (1) (2) (3) (4) (5) (6) (7) (8) (9) 1. 7210, इलैक् रोग्ल िा- कोररया कोररया पोस्ट्को समूह मव िूहें य एमटी यूसडॉ. 7212, नाइज्ड गणराज्य गणराज्य िाजमल 7225, स्ट्टील** सजहत दकसी पोस्ट्को स्ट्टीजलयन कं. 7209, 7211 भी दिे जलजमटेड नही तो और 7226 डीसीएम कंपनी जलजमटेड 2. -िही- -िही- कोररया कोररया ड गकुक स्ट्टील जमल िूहें य -िही- -िही- गणराज्य गणराज्य कंपनी जलजमटेड सजहत दकसी भी दिे 3. -िही- -िही- कोररया कोररया हदं ई स्ट्टील कंपनी िूहें य -िही- -िही- गणराज्य गणराज्य सजहत दकसी भी दिे 4. -िही- -िही- कोररया कोररया डीके ड गजिन कंपनी िूहें य -िही- -िही- गणराज्य गणराज्य जलजमटेड सजहत दकसी भी दिे 5. -िही- -िही- कोररया कोररया उपरोक्त नंबर 1 से 4 16.05 -िही- -िही- गणराज्य गणराज्य के अलािा कोई भी सजहत दकसी उत पादक भी दिे 6. -िही- -िही- जिगयगत कोररया कोई भी उत् पादक 16.05 -िही- -िही- दिे से गणराज्य इतर कोई दिे 7. -िही- -िही- िापान िापान सजहत जनप्पोन स्ट्टील िूहें य -िही- -िही- दकसी भी दिे कारपोरेिन 8. -िही- -िही- िापान िापान सजहत उपरोक्त नंबर 7 के 64.08 -िही- -िही- दकसी भी दिे अलािा कोई भी उत् पादक[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 3 9. -िही- -िही- जिगयगत िापान कोई भी उत् पादक 64.08 -िही- -िही- दिे से इतर कोई दिे 10. -िही- -िही- ससगापुर ससगापुर सजहत कोई भी उत् पादक 79.73 -िही- -िही- दकसी भी दिे 11. -िही- -िही- जिगयगत ससगापुर कोई भी उत् पादक 79.73 -िही- -िही- दिे से अलािा कोई दिे **जिचाराधीन उत्पाद ए'पीयूसी') “हॉट रोल्ड या कोल्ड रोल्ड स्ट्टील के फ्लैट रोल्ड उत्पाद, िो जनरंतर इलेक्रोजलटीकली प्लेटेड अथिा सिंक के साथ कोटेड ह,ैं एलाइंग एजलमवट्स से युक् त अथिा उसके जबना” ह ैं। जिचाराधीन उत्पाद सामाहें य इलैक्र ोग् लिानाइत् ज्ड स्ट्टील के ूपप मव िाना िाता ह।ै जिचाराधीन उत्पाद अलाय अथिा नान-अलाय स्ट्ट ील हो सकता ह ैचाह ेिह प्राइम ाथिा नॉन-प्राइम गणु ित्त ा का हो या नहीं । जिचाराधीन उत्पाद कॉयल म वअथिा नॉट इन कॉयल ूपप म वहो सकता ह ै। जिचाराधीन उत् पाद मव इलैक्र ोग् लिानाइत् ज्ड स्ट्टील क सभी दकस्ट् म विाजमल ह ैंचाह ेि ेकोटेड ह या न ह , पैजसिेटेड, जप्र-रररटड, जप्र- सप्ररटड, कलर कोटेड, जथन ागेजनक कोटेड, क्रोमेटेड, ास ेटेड, सप्ररटड हो या न हो, चाहे ि ेकारुगेटेड अथिा प्रो ाइल् ड हो या न हो और चाह ेिे एंटी-फ गरसप्रट रीटमवट िाले हो या न ह । जनम्नजलजखत को जिचाराधीन उत्पाद के क्षे् स ेअलग दकया गया ह:ै i. फ्लैट रोल्ड स्ट्टील उत्पाद िो एल्यूमीजनयम अथिा सिक के साथ कोटेड अथिा प् लेटेड ह ैं। ii. फ्लैट रोल्ड स्ट्टील उत्पाद िो हेंय ूनतम 9 प्रजतित होत ेहए जनकेल के साथ सिक और जनकेल के अलॉय के साथ कोटेड अथिा प्ल ेटेड ह ै। iii. हॉट-जडप ग्ल ेिनाइज् ड फ्लैट रोल्ड स्ट् टील उत् पाद । iv. रटन-जमल फ्लैट रोल्ड स्ट् टील उत्प ाद । v. लेजमनेटेड इलैक्र ोग् लिानाइज्ड स्ट्टील vi. मुदरत इलैक्र ोग् लिानाइज्ड स्ट्टील जिचाराधीन उत्पाद का प्रत् याजित अंजतम प्रयोग संक्षारण से संरक्षण के जलए ह ैऔर प्रमुख ूपप से इलैक्र ोजनक उपकरण , ऑटो अनुप्रयोग , उपभोक्ता इलैक्रॉजनक्स, नीचर, एचिीएसी, ूपफ ग और साइसडग, सीसलग जग्रड, जनमािण, कायािलय उपस्ट् कर ादद के जिजनमािण म वप्रयुक्त दकया िाता ह ै। जिचाराधीन उत्पाद सीमा प्रिुल्क अजधजनयम, 1975 क अनुसूची I के एचएस कोड 7210, 7212, 7225 और 7226 के तहत िगीकृत ह।ै तथाजप, जिचाराधीन उत्पाद के ायात सीमा प्रिल्ुक अजधजनयम, 1975 क अनुसूची I के एचएस कोड 7209 और 7211 के तहत भी दकए गए ह ैं।” 2. इस अजधसूचना के तहत लगाया गया प्रजतपाटन िुल्क इस अजधसूचना के रािक य रािप् मव अपने प्रकािन क तारीख से पांच िगि एयदद इसके पहले इसको िापस नहीं जलया िाता है, इसका अजधक्रमण नहीं दकया िाता ह ै या इसमव संिोधन नहीं होता ह ैतो तक क अिजध के जलए प्रभािी रहगे ा और भारतीय मरु ा मव देय होगा। स्ट्पमीकरण – इस अजधसूचना के उद्देमय स े ऐसे प्रजतपाटन िल्ु क, क गणना के प्रयोिन हते ु लागू जिजनमय दर िही दर होगी िो दक भारत सरकार, जित्त मं्ालय एरािस्ट्ि जिभाग क अजधसूचना, जिसे सीमा िुल्क अजधजनयम, 1962 (1962 का 52) क धारा 14 के तहत प्रदत्त िजक्तय का प्रयोग करते हए समय-समय पर िारी दकया गया हो, मव जिजनर्ददम क गई होगी और इस जिजनमय दर के जनधािरण क संगत तारीख िह तारीख होगी िो दक उक्त अजधजनयम क धारा 46 के अतं गति ागम प् म वप्रदर्भित होगी । [ ा. स.ं सीबीाईसी-190354/146/2022-टीओएटीारय-ू । -सीबीईसी] जिक्रम जििय िानेरे, अिर सजचि4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 19th October, 2022 No. 29/2022-Customs (ADD) G.S.R. 782(E).—Whereas in the matter of ‘Electrogalvanized Steel’ (hereinafter referred to as the subject goods) falling under tariff heading 7209, 7210, 7211, 7212, 7225 and 7226 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or exported from Korea RP, Japan and Singapore (hereinafter referred to as the subject countries), and imported into India, the designated authority in its final findings, vide notification No. 6/7/2021-DGTR, dated the 27th July, 2022, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 27th July, 2022, has come to the conclusion that— (i) the subject goods have been exported to India from the subject countries below normal values; (ii) the domestic industry has suffered material injury on account of subject imports from subject countries; (iii) the material injury has been caused by the dumped imports of subject goods from the subject countries, and has recommended imposition of an anti-dumping duty on the imports of subject goods, originating in, or exported from the subject countries and imported into India, in order to remove injury to the domestic industry. Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act read with rules 18 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, after considering the aforesaid final findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in column (3) of the Table below, falling under tariff heading of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2), originating in the countries as specified in the corresponding entry in column (4), exported from the countries as specified in the corresponding entry in column (5), produced by the producers as specified in the corresponding entry in column (6), and imported into India, an anti- dumping duty at the rate equal to the amount as specified in the corresponding entry in column (7), in the currency as specified in the corresponding entry in column (9) and as per unit of measurement as specified in the corresponding entry in column (8), of the said Table, namely:- TABLE S. Heading/ Description of Country Country of Producer Amount Unit Currency Sub subject of origin export No. Heading goods/product under consideration (1) (2) (3) (4) (5) (6) (7) (8) (9) 1. 7210, 7212, Electrogalvanized Korea RP Any country POSCO Group NIL MT USD 7225, 7209, Steel** including Korea consisting of: 7211 and RP POSCO Co., Ltd. 7226 or POSCO SteeLeON Co., Ltd. 2. -do- -do- Korea RP Any country Dongkuk Steel Mill NIL -do- -do- including Korea Co. Ltd. RP 3. -do- -do- Korea RP Any country Hyundai Steel NIL -do- -do- including Korea Company RP[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 5 4. -do- -do- Korea RP Any country DK Dongshin Co., NIL -do- -do- including Korea Ltd. RP 5. -do- -do- Korea RP Any country Any producer other 16.05 -do- -do- including Korea than S. No. 1 to 4 RP above 6. -do- -do- Any Korea RP Any 16.05 -do- -do- country other than subject countries 7. -do- -do- Japan Any country Nippon Steel NIL -do- -do- including Japan Corporation 8. -do- -do- Japan Any country Any producer other 64.08 -do- -do- including Japan than S. No. 7 above 9. -do- -do- Any Japan Any 64.08 -do- -do- country other than subject countries 10. -do- -do- Singapore Any country Any 79.73 -do- -do- including Singapore 11. -do- -do- Any Singapore Any 79.73 -do- -do- country other than subject countries ** The product under consideration ('PUC') is 'Flat rolled products of hot rolled or cold rolled steel continuously electrolytically plated or coated with zinc, with or without alloying elements'. The product under consideration is commonly known as Electrogalvanized steel. The product under consideration may be either of alloy or non-alloy steel, whether or not of prime or non-prime quality. The product under consideration may be in coils or not in coils form. The product under consideration includes all types of Electrogalvanized steel whether or not coated, passivated, pre-treated, pre-painted, colour coated, thin organic coated, chromated, phosphated, printed, whether or not corrugated or profiled, and whether or not having anti-fingerprint treatment. The following are excluded from the scope of product under consideration, namely: i. Flat rolled steel products that are plated or coated with alloy of aluminium and zinc. ii. Flat rolled steel products that are plated or coated with alloy of zinc and nickel with nickel content being a minimum 9%. iii. Hot-dip galvanized flat rolled steel products. iv. Tin-mill flat rolled steel products v. Laminated electrogalvanized steel. vi. Printed electrogalvanized steel. The intended end use of the product under consideration is for protection from corrosion and is majorly used in the manufacturing of electronic appliances, auto applications, consumer electronics, furniture, HVAC, roofing and siding, ceiling grid, construction, office equipment etc. The product under consideration is classified under HS Codes 7210, 7212, 7225 and 7226 of Schedule I of the Customs Tariff Act. However, imports of the product under consideration have also been made under HS Codes 7209 and 7211 of Schedule I of the Customs Tariff Act.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 2. The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette, and shall be payable in Indian currency. Explanation. - For the purposes of this notification, rate of exchange applicable for the purposes of calculation of such 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 conferred by 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 Act. [F. No. CBIC-190354/146/2022-TO(TRU-I)-CBEC] VIKRAM VIJAY WANERE, Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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