Home India Ministry of Finance Whereas in the matter of High Speed Steel of Non Cobalt Grad...
Date: 2019-09-25 Category: Extra Ordinary State: Union Government Country: India

Whereas in the matter of High Speed Steel of Non Cobalt Grade hereafter referred to as the subject goods

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Finance imposes an antidumping duty on High-Speed Steel of Non-Cobalt Grade originating in or exported from Brazil, China, and Germany, following a determination of dumping and material injury to the domestic industry. The duty is effective from the date of publication in the Official Gazette (September 25, 2019) and will be levied for five years unless amended or revoked earlier. The notification specifies the tariff items, descriptions, countries of origin, producers, and duty amounts. Key Points / Main Content: * **Imposition of Antidumping Duty:** * Definitive antidumping duty is imposed on imports of High-Speed Steel of Non-Cobalt Grade from Brazil, China, and Germany. * The duty is based on final findings of dumping and material injury to the domestic industry. * **Goods Subject to Duty:** * High-Speed Steel of Non-Cobalt Grade falling under tariff items 7228 10 10 or 7228 10 90 of the Customs Tariff Act, 1975. * Specific dimensions include diameters from 4mm to 163mm, Molybdenum, Tungsten, and Vanadium elements and Carbon and Chromium content should be between 0.7-1.3 and 3.5-4.6 respectively. * **Duty Details:** * The amount of duty varies depending on the country of origin and producer. * The duty is specified in US Dollars per metric tonne. * Examples: * China (Heye Special Steel Company Limited): $1902.34 * China (Jiangsu Tiangong Tools Company Limited): $2275.64 * China (Any other producer): $3263.68 * Brazil (Any): $2147.22 * Germany (Any): $2259.22 * **Duration and Currency:** * The antidumping duty is valid for five years from the date of publication. * The duty is payable in Indian currency, with the exchange rate determined as per Section 14 of the Customs Act, 1962 on the date of bill presentation. Impact Analysis: * **Domestic Industry:** * *Impact:* Protected from material injury caused by dumped imports of High-Speed Steel. * *Action Required:* Monitor the effectiveness of the antidumping duty and report any concerns. * **Importers:** * *Impact:* Increased cost of importing High-Speed Steel of Non-Cobalt Grade from Brazil, China, and Germany due to the antidumping duty. * *Action Required:* Pay the applicable antidumping duty as per the specified rates and comply with customs regulations. * **Producers/Exporters in Brazil, China, and Germany:** * *Impact:* Reduced competitiveness in the Indian market due to the imposed antidumping duty. * *Action Required:* Assess the impact on their exports to India and consider adjusting pricing strategies. * **Consumers/Users of High-Speed Steel:** * *Impact:* Potential increase in the cost of High-Speed Steel, which may affect the prices of goods that use this material. * *Action Required:* Monitor price changes and adjust procurement strategies as needed.

Key Entities Referenced

Customs Tariff Act, 1975: Indian law governing customs tariffs, specifically mentioned in relation to antidumping duties. Brazil: One of the subject countries from which High Speed Steel of NonCobalt Grade is exported. China: One of the subject countries from which High Speed Steel of NonCobalt Grade is exported. Germany: One of the subject countries from which High Speed Steel of NonCobalt Grade is exported. High Speed Steel of NonCobalt Grade: The specific type of steel product subject to the antidumping duty investigation. Customs Act, 1962: Indian law related to customs, used to determine the rate of exchange for antidumping duties. New Delhi: Location of notification publication Ministry of Finance Department of Revenue: The department that is publishing the notification.
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िविन;द8(cid:22) ट ह,ै जो (cid:4)क सीमा शु(cid:6)क टै.रफ अिधिनयम क1 2थम अनुसूची के उन टै.रफ मद के अतं ग(cid:22)त आती ह ैजो (cid:4)क कॉलम (2) क1 त#स ंबंधी 2िविL म ! िविन;द8(cid:22) ट ह,ै जो कॉलम (4) क1 त#स ंबंधी 2िविL म ! िविन;द8(cid:22) ट दशे (cid:28) म ! मलू त: उ# पा(cid:4)दत या वहा ं स े िनया(cid:22)ितत ह,ै कॉलम (5) क1 त#स ंबंधी 2िविL म !िविन;द(cid:22)8 ट उ#प ादक(cid:28) से उ# पा(cid:4)दत ह ैऔर भारत म !आयाितत ह ैपर कॉलम (6) क1 त#स ंबंधी 2िविL म ! िविन;द8(cid:22) ट रािश के बराबर क1 दर स,े कॉलम (8) क1 त# संबधं ी 2िविL म ! िविन;द8(cid:22) ट मुJा म ! और कॉलम (7) म !उि(cid:6)लिखत माप इकाई के अनुसार 2ितपाटन श(cid:6)ु क लगाती ह,ै यथा:- ससससााााररररणणणणीीीी (cid:1)(cid:1)(cid:1)(cid:1)....सससस..ंं..ंं टटटटै(cid:4)ै(cid:4)ै(cid:4)ै(cid:4)ररररफफफफ ममममदददद वववव(cid:11)(cid:11)(cid:11)(cid:11)तत तत ुु ुुककककाााा ििििववववववववररररणणणण ममममूलूलूलूलतततत:::: उउउउ(cid:15)(cid:15)(cid:15)(cid:15)पप पप ााााददददकककक ररररााााििििशशशश ममममाााापपपप मममम(cid:18)(cid:18)ुु(cid:18)(cid:18)ुु ाााा उउउउ(cid:15)(cid:15)(cid:15)(cid:15)पप पप ााााददददनननन ककककाााा इइइइककककााााईईईई ददददशशेेशशेे (1) (2) (3) (4) (5) (6) (7) (8) 1 7228 10 10 “नॉन कोबा(cid:8)ट (cid:10)ेड हाई (cid:15) पीड चीन हईे (cid:15) पेशल (cid:15) टील 1902.34 मै*+क अमे*रक- कंपनी िलिमटेड टन डॉलर या (cid:15)ट ील के बास(cid:20) और रा(cid:23)स, 7228 10 90 िजनका (cid:26)य ास 4 िम.मी. से 163 िम.मी. तक हो और िजनम(cid:29) तीन त(cid:31)व यथा मोली! डने म, टगं (cid:15) टन और वेनािडयम शािमल ह% िजनम(cid:29) टंग(cid:15)ट न और मोली!ड ने म का संयोजन 4% - 11.5% के बीच हो और वेनािडयम अिधकतम 3.5% और काब(cid:20)न अवयव 0.7%- 1.3% के बीच तथा (ोिमयम 3.5% - 4.6% के बीच हो”. 2 -तदवै - -तदवै - चीन िजआंगसू 2275.64 मै*+क अमे*रक- ितआंग%ग टू(cid:8) स टन डॉलर कंपनी िलिमटेड 3 -तदवै - -तदवै - चीन (म सं0 या 1 3263.68 मै*+क अमे*रक- और 2 से िभ2 न टन डॉलर कोई अ2य उ(cid:31) पादक 4 -तदवै - -तदवै - 4ाजील कोई भी 2147.22 मै*+क अमे*रक- टन डॉलर 5 -तदवै - -तदवै - जम(cid:20)नी कोई भी 2259.22 मै*+क अमे*रक- टन डॉलर ननननोोोोटटटट:::: उपयु(cid:22)0त व*त Eु से िभIन शीSस, ?ल ैSस और 0 वाय(cid:6)स समते अI य व* तुE को उ0त 2ितपाटन शु(cid:6) क के दायरे स े बाहर रखा गया ह ै।¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3 2. इस अिधसूचना के अतं ग(cid:22)त लगाया गया 2ितपाटन शु(cid:6)क सरकारी राजप7 म! इस अिधसूचना के 2काशन क1 तारीख से पांच वष (cid:22)क1 अविध तक (य(cid:4)द इसके पहले इस े वापस नहT िलया जाता ह,ै इसका अिधUमण नहT (cid:4)कया जाता ह ैया इसम! संशोधन नहT (cid:4)कया जाता ह ैतो) लाग ूरहगे ा और इसका भुगतान भारतीय मJु ा म !करना होगा । (cid:5)(cid:5)(cid:5)(cid:5)पप पप (cid:20)(cid:20)(cid:20)(cid:20)टट टट ीीीीककककररररणणणण –––– इस अिधसूचना के उVे(cid:24)य के िलए ऐस े 2ितपाटन शु(cid:6)क क1 गणना के 2योजन हते ु लागू िविनमय दर वही दर होगी जो (cid:4)क भारत सरकार, िव# त मं7ालय (राज* व िवभाग) क1 अिधसूचना, िजस े सीमा शु(cid:6)क अिधिनयम, 1962 (1962 का 52) क1 धारा 14 के तहत 2द# त शिHय(cid:28) का 2योग करत े=ए समय-समय पर जारी (cid:4)कया गया हो, म ! िविन;द8(cid:22) ट क1 गई होगी और इस िविनमय दर के िनधार(cid:22) ण क1 संगत तारीख वह तारीख होगी जो (cid:4)क उ0त अिधिनयम क1 धारा 46 के अतं ग(cid:22)त आगम प7 म! 2द(cid:30)श(cid:22)त होगी । [फा. स.ं 354/128/2019-टीआरय]ू Wिच िब8 ट, अवर सिचव MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 25th September, 2019 No. 38/2019–Customs (ADD) G.S.R. 691(E).—Whereas, in the matter of “High -Speed Steel of Non-Cobalt Grade” (hereafter referred to as the subject goods) falling under tariff items 7228 10 10 or 7228 10 90 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), (hereafter in this notification referred to as the Customs Tariff Act), originating in or exported from Brazil, China and Germany (hereinafter in this notification referred to as the subject countries), and imported into India, the Designated Authority in its final findings, published in the Gazette of India, Extraordinary, Part I, Section 1, vide notification No. 6/23/2018-DGTR dated, the 1st August, 2019 has come to the conclusion that- (a) the subject goods have been exported to India from subject countries below its normal value, thus resulting in dumping of the product; (b) the domestic industry has suffered material injury due to dumping of the subject goods from the subject countries; and (c) the material injury has been caused by the dumped imports from the subject countries, and has recommended the imposition of definitive anti-dumping duty on imports of the subject goods originating in, or exported, from the subject countries. 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 item of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2), originating in or exported from the countries as specified in the corresponding entry in column (4), produced by the producers as specified in the corresponding entry in column (5), and imported into India, an anti-dumping duty at the rate equal to the amount as specified in the corresponding entry in column (6) in the currency as specified in the corresponding entry ion column (8) and as per unit of measurement as specified in column (7), of the said Table, namely:-4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] TABLE S. Tariff item Description of Country of Producer Amount Unit of Currency No goods origin measurement (1) (2) (3) (4) (5) (6) (7) (8) 1 7228 10 10 Bars and rods of China Heye 1902.34 Metric Tonne US Dollar or 7228 10 Non-Cobalt Grade Special 90 High Speed Steel Steel of diameter from Company 4mm to 163mm Limited having three elements i.e., Molybdenum, Tungsten and Vanadium, with combination of Tungsten and Molybdenum between 4% - 11.5% and maximum 3.5% of Vanadium. The Carbon content should be between 0.7 % - 1.3% and Chromium between 3.5% - 4.6% 2 -do -do China Jiangsu 2275.64 Metric Tonne US Dollar Tiangong Tools Company Limited 3 -do -do China Any other 3263.68 Metric Tonne US Dollar producer other than serial number 1 and 2 4 -do -do Brazil Any 2147.22 Metric Tonne US Dollar 5 -do -do Germany Any 2259.22 Metric Tonne US Dollar 2. The anti-dumping duty imposed under this notification shall be levied 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, the 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. 354/128/2019-TRU] RUCHI BISHT, 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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