Home India Ministry of Finance Extend levy of CVD...
Date: 04-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

Extend levy of CVD

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This gazette notification (No. 06/2024-Customs (CVD), dated October 4, 2024) amends a previous notification (No. 1/2020-Customs (CVD), dated January 8, 2020) regarding countervailing duty on imported "Continuous Cast Copper Wire Rod" from Indonesia, Malaysia, Thailand, and Vietnam.

Key Changes

  • The key change is the extension of the existing countervailing duty on imported Continuous Cast Copper Wire Rod.
  • The original countervailing duty, imposed on January 8, 2020, was set to expire. This notification extends the duty until July 7, 2025.
  • The extension is based on a review initiated on June 29, 2024, by the designated authority (DGTR) under the Customs Tariff Act, 1975 and related rules.
  • A new paragraph (paragraph 3) has been added to the original notification clarifying that the countervailing duty will remain in effect until July 7, 2025, unless revoked, superseded, or amended earlier.

Impact Analysis

Importers of Continuous Cast Copper Wire Rod

  • Potential for supply chain disruption: If alternative sources are not readily available, the continued duty could lead to supply chain disruptions.

Domestic Producers of Continuous Cast Copper Wire Rod

  • Investment decisions: The protection could encourage further investment in the domestic industry.

Consumers

  • Reduced choice: The duty could potentially reduce the availability of certain products.

Government

  • Trade relations: The extension of the duty could impact trade relations with the subject countries.

Suggested Action Items

  • All stakeholders should carefully review the full text of the notification and related legislation for a complete understanding.

Key Entities Referenced

Customs Tariff Act, 1975 (51 of 1975): The primary legislation governing customs tariffs in India. This act provides the legal basis for imposing countervailing duties. Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995: Rules outlining the procedures for identifying, assessing, and collecting countervailing duties. Ministry of Finance (Department of Revenue): The Indian government ministry responsible for issuing this notification. Directorate General of Trade Remedies (DGTR): The designated authority that initiated the review leading to the extension of the countervailing duty. Gazette of India, Extraordinary: The official publication where the notification was published. Indonesia, Malaysia, Thailand, and Vietnam: The countries from which the subject goods (Continuous Cast Copper Wire Rod) originate or are exported.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04102024-257709 xxxGIDHxxx CG-DLxx-xEG-I0D4E1x0x2x0 24-257709 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 566] नई दिल्ली िुक्रिार, अक्त बू र 4, 2024/आज‍ि न 12, 1946 No. 566] NEW DELHI, FRIDAY, OCTOBER 4, 2024/ASVINA 12, 1946 जित्त ं्ं ाल (रािस्ट्ि जिभाग) अजधसचू ना नई दिल् ली, 4 अक् तूबर, 2024 स.ं 06/2024-सींािल्ु क (सीिीडी) सा.का.जन. 608(अ).—िहां दक इंडोनेजि ा, ंलेजि ा, थाईलैंड एिं जि तनां ंें ंलू त: उत् पादित ा िहां स े जन ााजतत “कांटीन् ूअस कॉस्ट्ट कॉपर िा र रॉड" (एतद्पश्चात जिष गत िस्ट्तु के रूप ंें उजल्लजखत) िो सींा िुल्क टैररफ अजधजन ं, 1975 (1975 का 51) (एतद्पश्चात सींा िुल्क टैररफ अजधजन ं के रूप ंें उजल्लजखत) की प्रथं अनुसूची के िीषा 7408 के अतं गता आता है, के आ ात पर भारत सरकार, जित् त ंं्ाल (रािस ि जिभाग) की अजधसचू ना सख्ं ा 1/2020- सींािुल् क (सीिीडी), दिनांक 8 िनिरी, 2020, जिसे सा.का.जन. 18(अ), के तहत भारत के रािप्, असाधारण, के भाग ।।, खंड 3, उप खंड (i) ंें प्रकाजित दक ा ग ा था, के द्वारा लगाए गए काउंटरिेललंग ड्यूटी को िारी रखने के ंांल े ंें जिजनर्िष्ा ट प्राजधकारी ने सींा िुल् क टैररफ (सजससडाइज़्ड िस्ट् तओं कु की पहचान, उनका आंकलन और उन पर काउंटरिेललंग ड्यूटी का संग्रहण तथा क्षजत जनधाारण) जन ंािली, 1995 (एतद्पश्चात जिसे उक्त जन ंािली स े संिर्भात दक ा ग ा ह)ै के जन ं 24 के साथ परित सींा िल्ु क टैररफ अजधजन ं की धारा 9 की उप धारा (6) के अनुसार िांच िुरुआत अजधसूचना सख्ं ा 07/07/2024-डीिीटीआर, जिसे दिनांक 29 िून 2024, को भारत के रािप्, असाधारण, के भाग ।, खंड । ंें प्रकाजित दक ा ग ा था, के तहत संीक्षा का का ा िुरू दक ा ह ै और उन्होंने उक्त सींा िुल् क टैररफ अजधजन ं की धारा 9 की उप धारा (6) के अनुसार उक्त काउंटरिेललंग ड्यूटी को आग े भी िारी रखन े के जलए अनुरोध दक ा ह।ै अत: अब उक्त जन ंािली के जन ं 20 और 24 के साथ परित सींा िुल् क टैररफ अजधजन ं की धारा 9 की उप-धारा (1) और (6) के तहत प्रित् त िजतिय ों का प्र ोग करत े ुएए केन् र सरकार, एति द्वारा, भारत सरकार, जित् त ंं्ाल 6446 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (रािस्ट् ि जिभाग) की अजधसूचना संख् ा 1/2020- सींािुल् क (सीिीडी), जिसे सा.का.जन. 18(अ), दिनांक 8 िनिरी, 2020, के तहत भारत के रािप्, असाधारण, के भाग II, खडं 3, उप खंड (i) ंें प्रकाजित दक ा ग ा था, ंें जनम्न जलजखत और आग े भी संिोधन करती ह,ै था :- उक्त अजधसूचना ं,ें पैराग्राफ 2 के प‍ चात और स्ट् पष्ट ीकरण से पहले जनम्न जलजखत परै ाग्राफ को अंत:स्ट्थ ाजपत दक ा िाएगा, था :- “3. पैराग्राफ 2 ं ें जनजहत दकसी भी बात के होते ुएए भी, ह काउंटरिेललंग ड्यूटी दिनांक 7 िुलाई, 2025 तक, जिसंें ह तारीख भी िाजंल ह,ै दि इसके पहल े इसे िापस नहीं ल े जल ा िाता ह,ै इसका अजधक्रंण नहीं होता ह ै ा इसंें संिोधन नहीं दक ा िाता ह,ै तक लाग ू रहगे ी।” । [फा. सं. 190354/143/2024-टीआर ]ू दिलजंल लसंह सोच, अिर सजचि नोट:-प्रधान अजधसूचना संख् ा 01/2020-सींा िुल्क (सीिीडी), दिनांक 8 िनिरी, 2020 को सा.का.जन. 18(अ) के तहत भारत के रािप्, असाधारण, के भाग II, खंड 3, उप-खंड (i) ंें प्रकाजित दक ा ग ा था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 4th October, 2024 No. 06/2024-Customs (CVD) G.S.R. 608(E).—Whereas, the designated authority vide initiation notification No. 07/07/2024-DGTR dated 29th June, 2024, published in the Gazette of India, Extraordinary, Part I, section 1, dated the 29th June, 2024, has initiated review in terms of sub-section (6) of section 9 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) read with rule 24 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of countervailing duty on imports of “Continuous Cast Copper Wire Rod” (hereinafter referred to as the subject goods) falling under heading 7408 of the First Schedule to the Customs Tariff Act, originating in or exported from Indonesia, Malaysia, Thailand and Vietnam (hereinafter referred to as the subject countries), imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 1/2020-Customs (CVD), published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 18(E), dated the 8th January, 2020, and has requested for extension of the said countervailing duty in terms of sub-section (6) of section 9 of the Customs Tariff Act. 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 24 of the said rules, the Central Government hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 1/2020-Customs (CVD), published in the Gazette of India, Extraordinary, Part II, section 3,sub-section (i), vide number G.S.R. 18(E), dated the 8th January, 2020, namely:- In the said notification, after paragraph 2 and before the Explanation, the following paragraph shall be inserted, namely:- “3. Notwithstanding anything contained in paragraph 2, the countervailing duty shall remain in force up to and inclusive of the 7th July, 2025, unless revoked, superseded or amended earlier.”. [F. No. 190354/143/2024-TRU] DILMIL SINGH SOACH, Under Secy. Note : The principal notification No. 1/2020-Customs (CVD)was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i), vide number G.S.R. 18(E), dated the 8th January, 2020 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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