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Date: 11-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

extension of CVD on pneumatic tyres

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification pertains to the extension of countervailing duty on imports of 'New/Unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres), having nominal rim dia above 16" used in buses and lorries/trucks' originating in or exported from China PR.

Key Changes

  • The countervailing duty imposed vide notification No. 1/2019-Customs (CVD), dated 24th June, 2019, will remain in force up to and inclusive of 23rd July, 2024, unless revoked, superseded, or amended earlier.
  • This extends the previously imposed duty on the specified tyres from China.

Impact Analysis

Importers

  • Importers should assess the impact of the extended duty on their profitability and consider alternative sourcing options if necessary.

Domestic Tyre Manufacturers

  • Domestic manufacturers should monitor the market and adjust their production and pricing strategies accordingly.

Consumers

  • Consumers may consider purchasing tyres from domestic manufacturers or exploring alternative brands.

Government

  • The government should monitor the effectiveness of the duty in addressing unfair trade practices and protecting domestic industries.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification, responsible for customs and revenue matters. Designated Authority (DGTR): Initiated the review of the countervailing duty through notification F. No. 7/30/2023-DGTR, dated 29th December, 2023. Customs Tariff Act, 1975: The primary legislation governing customs duties in India. Section 9 pertains to countervailing duties. Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995: Rules governing the identification, assessment, and collection of countervailing duty. Notification No. 1/2019-Customs (CVD), dated 24th June, 2019: The original notification imposing the countervailing duty on the specified tyres from China. China PR: The country of origin/export of the subject goods (tyres) on which the countervailing duty is imposed.
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.-11032024-252843 CG-DxLx-xEG-I1D1H0x3x2x0 24-252843 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.ं 159] नई दिल्ली, सोमिार, माच च11, 2024/फाल्ग नु 21, 1945 No. 159] NEW DELHI, MONDAY, MARCH 11, 2024/PHALGUNA 21, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 11 माच,च 2024 सख्ं य ा 01/2024-सीमािल्ु क (सीिीडी) सा.का.जन. 171(अ).—िबदक चीन िनिािी गणराज्य (एतजममन पम चात जिसे जिषयगत ििे स े संिर्भचत दकया गया ह)ै म ें मलू त: उत् पादित और िहां स े जनयाचजतत “न् य/ूअनयूज् ड, न् यमू ेक क रेजडयल ायसच चाह े इनम ें ट्यूब् स लगी हो या नहीं और चाह े इनम ें रबर के फ्लैप लगे हो या नहीं (इनम ें ट्यूबलेस ायसच भी आत े ह)ैं जिनका नाजमनल करम डाया कोड 16” स े ऊपर हो, जिनका प्रयोग बसों और लाकरयों/रकों म ें होता हो” (एतजममन पम चात जिसे जिषयगत िस्ट् तु स े संिर्भचत दकया गया ह)ै , िो दक सीमा िुल् क ैकरफ अजधजनयम, 1975 (1975 का 51) (एतजममन पम चात जिसे उक्त सीमािल्ु क ैकरफ अजधजनयम स े संिर्भचत दकया गया ह)ै की प्रथम अनुसचू ी के ैकरफ िीषचक 4011 20 10 के अंतगचत आता ह,ै के आयात पर भारत सरकार, जित् त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख् या 1/2019-सीमा िुल् क (सीिीडी), दिनांक 24 िून, 2019 जिस े सा.का.जन. 449(अ), दिनांक 24 िून, 2019 के तहत भारत के रािपत्र, असाधारण, भाग ।।, खंड 3, उपखंड (i) म ें प्रकाजित दकया गया था, के द्वारा लगाए गए काउं रिेललंग िल्ु क को िारी रखन े के मामले म ें जनर्िष्च प्राजधकारी ने उक्त सीमािुल् क ैकरफ अजधजनयम की धारा 9 की उप धारा (6) के अनुसार तथा सीमा िल्ु क ैकरफ (पाक त िस्ट् तुओं की पहचान, उनका आकलन और उन पर काउं रिेललगं िल्ु क का संग्रहण तथा क्षजत जनधाचरण) जनयमािली, 1995 1739 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] के जनयम 24 के अनपु ालन म,ें अजधसूचना संख् या 7/30/2023-डीिी ीआर, दिनांक 29 दिसंबर, 2023, को भारत के रािपत्र, असाधारण, भाग I, खंड I म ें प्रकाजित दकया गया था, के तहत समीक्षा का काय च िरूु दकया ह ै और उक्त सीमािुल् क ैकरफ अजधजनयम की धारा 9 की उप धारा (6) के अनुसार उक्त काउं रिेललगं िुल् क को आग े भी िारी रखन े की जसफाकरि की ह ै। अत: अब, उक्त सीमािुल् क ैकरफ अजधजनयम की धारा 9 की उप धाराओं (1) और (6) के तहत प्रित् त िजियों का प्रयोग करत े हुए और उक्त जनयमािली के जनयमों 20 और 24 के अनुपालन म,ें केन् र सरकार, एतिद्वारा, भारत सरकार, जित् त मंत्रालय (रािस्ट् ि जिभाग) की अजध सूचना संख् या 1/2019-सीमािुल् क (सीिीडी), दिनांक 24 िून, 2019, जिस े सा.का.जन. 449(अ), दिनांक 24 िून, 2019, के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) म ें प्रकाजित दकया गया था, म ें जनम्न जलजखत संिोधन करती ह,ैयथा:- उक्त अजधसूचना म,ें पैराग्राफ 2 के पम चात और स्ट् पष् ीकरण के पहल,े जनम्न जलजखत पैराग्राफ को अंत:स्ट्थ ाजपत दकया िाएगा, अथाचतः- ”3. पैराग्राफ 2 म ें जनजहत दकसी भी बात के बाििूि, इस अजधसूचना के माध्यम स े लगाया गया काउं रिेललगं िुल्क 23 िलु ाई, 2024 तक, जिसम ें यह तारीख भी िाजमल ह,ै यदि इसके पहले इसको िापस नहीं ले जलया िाता ह,ै इसका अजतक्रमण नहीं दकया िाता ह,ै या संिोधन नहीं दकया िाता ह,ै तो लाग ू रहगे ी ।” [फा. स.ं 190354/19/2024 – ीआरय]ू जिक्रम जििय िानेरे, अिर सजचि नो :- प्रधान अजधसूचना सख्ं या 1/2019-सीमा िुल्क(सीिीडी), दिनांक 24 िून, 2019 को सा.का.जन. 449(अ), दिनांक 24 िून, 2019 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खडं (i) में प्रकाजित दकया गया था । MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 11th March, 2024 No. 01/2024-Customs (CVD) G.S.R. 171(E).—Whereas, the designated authority vide initiation notification F. No. 7/30/2023-DGTR, dated the 29th December, 2023, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 29th December, 2023, 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) and in pursuance of 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 countervailing duty on imports of “New/Unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres), having nominal rim dia above 16" used in buses and lorries/trucks” (hereinafter referred to as the subject goods) falling under tariff item 4011 20 10 of the First Schedule to the Customs Tariff Act, originating in or exported from China PR (hereinafter referred to as the subject country), imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 1/2019-Customs (CVD), dated the 24th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 449 (E), dated the 24th June, 2019, and has requested for extension of the said countervailing duty in terms of subsection (6) of section 9 of the Customs Tariff Act;[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 Now, therefore, in exercise of the powers conferred by sub-sections (1) and (6) of section 9 of the said Customs Tariff Act and in pursuance of 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. 1/2019-Customs (CVD), dated the 24th June, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 449(E), dated the 24th June, 2019, 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 imposed under this notification shall remain in force up to and inclusive of the 23rd July, 2024, unless revoked, superseded or amended earlier.” [F. No. 190354/19/2024-TRU] VIKRAM VIJAY WANERE, Under Secy. Note: The principal notification No. 1/2019-Customs (CVD), dated the 24th June, 2019, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 449 (E), dated the 24th June, 2019. 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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