In the notification of the Government of India Ministry of Finance Department of Revenue No 24 2021 Customs ADD

## Policy Analysis Report: Corrigendum to Customs ADD Notification No. 242021 **1. Executive Summary:** This report analyzes a corrigendum issued by the Ministry of Finance, Department of Revenue, Government of India, regarding Notification No. 242021-Customs ADD, dated April 26th, 2021. The corrigendum, published as G.S.R. 295E on April 27th, 2021, corrects errors in the original notification by replacing "Russia" with "Korea RP" in specific entries within a table. This correction likely impacts anti-dumping duties applied to imports, particularly those from the corrected countries. Key findings suggest a shift in the application of ADD from Russia to Korea RP for certain imported goods. **2. Introduction:** This report aims to provide a clear and concise analysis of the corrigendum G.S.R. 295E, pertaining to Customs Anti-Dumping Duty (ADD) Notification No. 242021, based solely on the information provided in the policy text. It will identify the changes introduced, their potential impact, and relevant implementation details discernible from the text. **3. Policy Overview:** * **Amendment:** This report concerns an amendment (corrigendum) to the original policy: Customs ADD Notification No. 242021, dated April 26th, 2021 (G.S.R. 288E). * **Core Objective(s):** While the original notification's objective isn't explicitly stated in the provided text, the corrigendum’s objective is clearly to correct errors in the original notification regarding the countries to which Anti-Dumping Duty (ADD) applies. This correction seems to be a housekeeping function. **4. Background and Rationale:** The reason for this specific amendment is to rectify errors in the original Customs ADD Notification No. 242021. The original notification incorrectly listed "Russia" in several entries within a table. This corrigendum corrects these errors by replacing "Russia" with "Korea RP" (Republic of Korea) in the designated columns and rows. This suggests a potential misapplication of ADD to goods originating from Russia, instead of Korea RP, or vice versa, which this corrigendum resolves. **5. Key Provisions / Changes:** This corrigendum directly amends the TABLE within the original Customs ADD Notification No. 242021. The specific changes are as follows: * **Change 1:** In serial number 1 of the TABLE, in columns 5 and 6, "Russia" is replaced with "Korea RP." * **Effect:** The ADD that was initially applied to Russia as specified in Columns 5 & 6 is now to be applied to Korea RP. * **Change 2:** In serial number 2 of the TABLE, in columns 5 and 6, "Russia" is replaced with "Korea RP." * **Effect:** The ADD that was initially applied to Russia as specified in Columns 5 & 6 is now to be applied to Korea RP. * **Change 3:** In serial number 3, * **(i)** in column 5, "Russia" is replaced with "Korea RP, Russia". * **Effect:** Korea RP is added alongside Russia as applicable for ADD in Column 5. * **(ii)** in column 6, "Russia" is replaced with "Korea RP". * **Effect:** The ADD that was initially applied to Russia as specified in Column 6 is now to be applied to Korea RP. In summary, the corrigendum shifts the application of ADD from Russia to Korea RP in some cases and adds Korea RP alongside Russia in other instances. This impacts the duty calculations and obligations of importers/exporters. **6. Target Audience and Stakeholders:** Based on the text, the primary stakeholders affected by these changes are: * **Importers and Exporters:** Specifically, those involved in trade of goods covered by the original Customs ADD Notification No. 242021, particularly trade between India, Russia, and Korea RP. * **Customs Officials:** Responsible for enforcing the ADD regulations and implementing the corrections outlined in the corrigendum. * **Related Industries:** Those industries that are impacted by the ADD on the imported goods. **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Ministry of Finance, Department of Revenue is the responsible agency. * **Procedures:** Customs officials are expected to immediately implement these corrections and adjust ADD calculations accordingly. No specific timelines are mentioned in the provided text, suggesting immediate effect. **8. Expected Outcomes / Impact of Changes:** The intended outcome of these changes is to ensure the correct application of anti-dumping duties. This corrigendum is expected to: * **Correct Errors:** Rectify misapplication of ADD that may have occurred due to the initial errors in the notification. * **Ensure Fair Trade Practices:** Accurately apply ADD to the intended countries (Korea RP in these specific cases) to address any unfair trade practices related to dumping. * **Reduce Disputes:** Minimize potential disputes related to incorrect ADD calculations based on the original notification. **9. Conclusion:** The corrigendum G.S.R. 295E is a crucial update to Customs ADD Notification No. 242021. It corrects errors in the original notification, specifically regarding the countries to which anti-dumping duties apply. This correction is vital for ensuring the accurate application of ADD, promoting fair trade practices, and preventing potential disputes. Affected stakeholders, including importers, exporters, and customs officials, should be aware of these changes and adjust their practices accordingly.

Key Entities Referenced