## Policy Analysis Report: Antidumping Duty on Polytetrafluoroethylene (PTFE)
**1. Executive Summary:**
This report analyzes a notification (No. 24/2021-Customs (ADD)) issued by the Ministry of Finance, Department of Revenue, Government of India, regarding antidumping duty on imports of Polytetrafluoroethylene (PTFE). This notification serves as an *amendment* to a previous notification (No. 23/2016-Customs (ADD)) extending the antidumping duty on PTFE originating in or exported from Russia to also cover PTFE originating in, or exported from Korea RP. The core purpose is to counteract circumvention of existing antidumping measures and protect domestic industry. The key finding is the extension of the existing duty to imports from Korea RP, which may increase the cost of PTFE for Indian consumers who import from Korea RP and will provide cost benefits to domestic suppliers.
**2. Introduction:**
This report provides an informative analysis of notification No. 24/2021-Customs (ADD), dated April 26, 2021, concerning antidumping duty on Polytetrafluoroethylene (PTFE). The analysis is based solely on the information provided within the text of the notification itself.
**3. Policy Overview:**
* This notification is an *amendment* to notification No. 23/2016-Customs (ADD), dated June 6, 2016, which initially imposed antidumping duty on PTFE originating in or exported from Russia.
* **Core Objective(s):** The core objective, as inferred from the text, is to prevent the circumvention of existing antidumping duties imposed on PTFE imports from Russia and to safeguard the domestic industry from the detrimental effects of dumped imports.
**4. Background and Rationale:**
The provided text indicates that the amendment is a result of an investigation by the designated authority (DGTR) into the circumvention of the antidumping duty on PTFE originating in or exported from Russia. The investigation found that there was a change in the pattern of trade, with imports of PTFE from Korea RP entering India at dumped prices. These dumped imports undermined the remedial effect of the existing antidumping duty on Russian PTFE. This amendment seeks to address this circumvention by extending the duty to imports from Korea RP.
**5. Key Provisions / Changes:**
This notification amends the existing antidumping duty regime by:
* **Extending the Scope:** Expanding the antidumping duty originally applied to PTFE originating in or exported from Russia to include PTFE originating in, or exported from Korea RP.
* **Specific Tariff Item:** The amendment applies to PTFE falling under tariff item 3904 61 00 of the First Schedule to the Customs Tariff Act.
* **Duty Amount:** The antidumping duty imposed on PTFE from Korea RP is the same as that levied on PTFE from Russia, which is USD 874.56 per metric ton (MT).
* **Table Details:** The notification includes a table specifying the country of origin, country of export, producer, exporter, and amount of antidumping duty for PTFE imports. This table now includes provisions for PTFE originating in/exported from Korea RP.
* **Effective Date:** The antidumping duty on PTFE from Korea RP is effective from the date of publication of the notification in the Official Gazette (April 26, 2021) and will remain in effect until the original antidumping duty on PTFE from Russia expires, unless revoked, superseded, or amended earlier.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders affected by this amendment include:
* **Importers of PTFE:** Companies importing PTFE from Korea RP will now be subject to antidumping duty.
* **Domestic PTFE Producers:** The amendment aims to protect domestic producers from unfair competition.
* **Consumers of PTFE:** The price of PTFE in the Indian market might be affected, potentially impacting consumers who rely on imported PTFE from Korea RP.
* **Exporters and Producers in Korea RP:** Korean exporters and producers of PTFE will be directly affected by the imposition of antidumping duty on their products.
* **Customs Authorities:** The amendment provides specific guidance to customs authorities for the assessment and collection of antidumping duty on PTFE imports.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency:** The Ministry of Finance (Department of Revenue) is the responsible agency for implementing this amendment.
* **Procedure:** Customs authorities will be responsible for assessing and collecting the antidumping duty on PTFE imports from Korea RP, based on the specified tariff item, country of origin/export, and duty amount.
* **Rate of Exchange:** The rate of exchange for calculating the antidumping duty will be determined by the notification issued by the Ministry of Finance (Department of Revenue) under Section 14 of the Customs Act, 1962. The relevant date for determining the rate of exchange is the date of presentation of the bill of entry.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of this amendment is:
* **Curbing Circumvention:** To prevent the circumvention of the existing antidumping duty on PTFE from Russia by shifting exports to Korea RP.
* **Protecting Domestic Industry:** To provide relief to the domestic PTFE industry by leveling the playing field and preventing the harmful effects of dumped imports.
* **Price Adjustments:** The price of imported PTFE from Korea RP will increase due to the antidumping duty, potentially impacting the cost structure of industries that rely on PTFE.
**9. Conclusion:**
Notification No. 24/2021-Customs (ADD) is a significant amendment to the existing antidumping duty regime on PTFE. By extending the duty to imports from Korea RP, the government aims to address circumvention and protect the domestic industry. This amendment will likely impact importers, domestic producers, and consumers of PTFE, and customs authorities are responsible for its implementation. The significance of this notification lies in its attempt to ensure fair trade practices and maintain a competitive environment for the domestic PTFE industry.
Key Entities Referenced
Polytetrafluoroethylene PTFE: Subject of antidumping duty review, a chemical substance falling under tariff item 3904 61 00.
Russia: Country of origin/export for Polytetrafluoroethylene (PTFE) initially subject to antidumping duty.
Customs Tariff Act, 1975: The primary legislation under which the antidumping duty is levied. Specifically, the First Schedule and section 9A are referenced.
Gazette of India: Official publication in which notifications and findings related to the antidumping duty are published.
Ministry of Finance Department of Revenue: The government body responsible for issuing the notifications regarding the antidumping duty.
Customs ADD: Refers to 'Customs Anti-Dumping Duty', a type of notification issued by the Ministry of Finance, Department of Revenue.
Korea RP: Also referred to as the 'subject country', investigated for circumvention of antidumping duty on Polytetrafluoroethylene (PTFE).
Customs Tariff Identification, Assessment and Collection of Anti dumping Duty on Dumped Articles and for Determination of Injury Rules, 1995: Rules under which the antidumping duty is assessed and collected.
New Delhi: Location where the notification was issued. It is the capital of India.
Customs Act, 1962: Act governing customs duties, referenced for rate of exchange applicability for antidumping duty calculation.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-26042021-226757
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CG-DL-E-26042021-226757
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 230] नई दिल्ली, सोंिार, अप्रैल 26, 2021/ििै ाख 6, 1943
No. 230] NEW DELHI, MONDAY, APRIL 26, 2021/VAISAKHA 6, 1943
जित्त ं्ं ाल
(रािस्ट्ि जिभाग)
अजधसचू ना
नई दिल् ली, 26 अप्रलै , 2021
स.ं 24/2021-सींािल्ु क (एडीडी)
सा.का.जन. 288(अ).—िहां दक रूस ंें ंलू तः उत्पादित ा िहां से जन ााजतत ‘पॉजलटेराफ्लोरोइजिजलन
(पीटीएफई)’, िो दक सींािुल्क टैररफ अजधजन ं 1975 (1975 का 51) (एतजमंन पम चात जिसे उत स सींािुल्क
टैररफ अजधजन ं से संिर्भात दक ा ग ा है) की प्रिं अनुसचू ी के टैररफ ंि 3904 61 00 के अंतगात आता ह,ै के
आ ात पर लगे प्रजतपाटन िुल्क की संीक्षा के ंांल े ंें जिजनर्िष्ा ट प्राजधकारी अपनी अजधसूचना संख् ा 15/2/2015-
डीिीएडी, दिनांक 12 अप्रलै 2016, जिसे 12 अप्रैल 2016 को भारत के रािप्, असाधारण, भाग-I खंड- I ं ें
प्रकाजित दक ा ग ा िा, ंें दिए गए अपने अंजतं जनष्कर्षों ंें रूस ंें ंूलतः उत्पादित ा िहां से जन ााजतत
‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ पर प्रजतपाटन िल्ु क लगा े िाने की जसफाररि की िी।
और िहां दक उत स जिजनर्िष्ा ट प्राजधकारी के उप त सुा जनष्कर्षों के आधार पर केंद्र सरकार न े रूस ं ें ंूलतः उत्पादित
ा िहां से जन ााजतत ‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ के आ ात पर भारत सरकार जित्त ंं्ाल , (रािस्ट्ि जिभाग)
की अजधसूचना संख् ा 23/2016-सींािुल्क (एडीडी), दिनांक 6 िून, 2016, जिसे सा.का.जन 574 (अ) दिनांक
6 िून, 2016 के तहत भारत के रािप्, असाधारण के भाग II, खंड 3, उपखंड (i) ंें प्रकाजित दक ा ग ा िा, के
द्वारा प्रजतपाटन िुल्क लगा ा िा।
2388 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
और िहां दक उत स जिजनर्िष्ा ट प्राजधकारी ने अजधसूचना सं. 07/22/2020-डीिीटीआर, दिनांक 19 िून 2020,
जिसे दिनांक 19 िून 2020 को भारत के रािप्, असाधारण के भाग I, खंड I ंें प्रकाजित दक ा ग ा िा, के तहत
रूस ंें ंलू तः उत्पादित ा िहां से जन ााजतत ‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ के आ ात पर लग े प्रजतपाटन िल्ु क के
पररिंचन के ंांले ं ें ह जिजनश्च करन े के जलए िांच का ा िुरू दक ा ग ा िा दक भारत सरकार, जित्त ंं्ाल ,
(रािस्ट्ि जिभाग) की अजधसूचना संख् ा 23/2016-सींािुल् क (एडीडी), दिनांक 6 िून, 2016, जिसे सा.का.जन 574
(अ) दिनांक 6 िून, 2016 के तहत भारत के रािप्, असाधारण के भाग II, खंड 3, उपखंड (i) ं ें प्रकाजित दक ा
ग ा िा, के द्वारा रूस ं ें ंलू तः उत्पादित ा िहां स े जन ाजा तत ‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ के आ ात पर
लगाए गए प्रजतपाटन िुल्क को कोरर ा गणराज् (एतजमंन पश्चात जिसे जिर्ष गत िेि से संिर्भात दक ा ग ा ह)ै ं ें
ंूलतः उत्पादित ा िहां से जन ााजतत ‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ (एतजमंन पश्चात जिसे ‘जिर्ष गत िस्ट्त’ु स े
संिर्भात दक ा ग ा ह)ै िो दक उत स सींािुल्क टैररफ अजधजन ं की प्रिं अनुसूची के टैररफ ंि 3904 61 00 के
अंतगता आत े ह,ैं पर भी लगा े िाने की आिम कता ह ै ा नहीं।
और िहां दक उत स जिजनर्िष्टा प्राजधकारी अजधसूचना सं. 07/22/2020-डीिीटीआर, दिनांक 27 िनिरी 2021,
जिसे भारत के रािप्, असाधारण के भाग I, खंड- I ंें प्रकाजित दक ा ग ा िा, ंें प्रकाजित अपने अंजतं जनष्कर्षों ं ें
इस जनणा पर पहचं े ह ैंदक-
(i) जिर्ष गत िेि से जिर्ष गत िस्ट्तु के व्यापार के प्रजतंान ं ेंपररितान आ ा ह;ै
(ii) जिर्ष गत ििे से जिर्ष गत िस्ट्तु का हां आ ात बहत ही सस्ट्ते ंूल् पर हो रहा ह;ै
(iii) जिर्ष गत िेि से जिर्ष गत िस्ट्तु का होने िाले आ ात से रूस ंें ंूलतः उत्पादित ा िहां से जन ााजतत
‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ के आ ात पर लगे ितंा ान प्रजतपाटन उपा ों का प्रभाि कं होता िा रहा
ह,ै
और उन्होंन े रूस ं ें ंलू तः उत्पाित ा िहां स े जन ााजतत ‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ पर भारत
सरकार, जित्त ंं्ाल (रािस्ट्ि जिभाग) की अजधसूचना सं 23/2016-सींािुल्क (एडीडी) दिनांक 6 िनू , 2016 जिस े
सा.का.जन 574 (अ) दिनांक 6 िून, 2016 के तहत भारत के रािप्, असाधारण के भाग II, खंड 3, उपखंड (i) ंें
प्रकाजित दक ा ग ा िा, के द्वारा लगा े गए ितांान प्रजतपाटन िल्ु क को जिर्ष गत िेि ं ें ंूलतः उत्पादित ा िहां स े
जन ााजतत जिर्ष गत िस्ट्तओंु पर भी लगा े िान े की जसफाररि की ह।ै
अत: अब प्रजतपाटन सींािल्ु क टैररफ (पारटत िस्ट्तुओं की पहचान, उनका आंकलन और प्रजतपाटन िल्ु क का
संग्रहण और क्षजत जनधाारण) के जन ं 27 के साि परित सींा िुल् क टैररफ अजधजन ं की धारा 9क की उपधारा (1),
(1क) और (5) के तहत प्रित्त िजत स ों का प्र ोग करत े हए केन् द्र सरकार, जिजनर्िष्ा ट प्राजधकारी के उप ुा् त अंजतं
जनष्क र्षों पर जिचार करने के पम चात, एतद्द्वारा, उ्त जिर्ष गत िस्ट् तु पर जिनका जििरण नीचे िी गई सारणी के कॉलं
(3) ंें जिजनर्िष्ा ट ह,ै जिनकी जििेर्षता कॉलं (4) ंें जिजनर्िष्ा ट ह,ै िोदक सींािुल्क टैररफ अजधजन ं की प्रिं
अनुसूची के उस टैररफ ंि के अंतगात आती ह ै िो कालं (2) के तत्संबंधी प्रजिजष्ट ंे जिजनर्िष्टा ह,ै कॉलं (5) की
तत्स ंबंधी प्रजिजष्ट ंें जिजनर्िष्ा ट िेिों से ंूलतः उत्पादित ह,ै कॉलं (6) की तत्स ंबंधी प्रजिजष्ट ंें जिजनर्िष्ा ट िेिों से स े
जन ााजतत ह,ै कॉलं (7) की तत्स ंबंधी प्रजिजष्ट ंें जिजनर्िष्ा ट उत्पािकों से उत्पादित है, कॉलं (8) की तत्स ंबंधी प्रजिजष्ट ं ें
जिजनर्िष्ा ट जन ाातकों से जन ााजतत ह ैऔर भारत ंें आ ाजतत ह ै पर कॉलं (9) की तत्स ंबंधी प्रजिजष्ट ंें जिजनर्िष्ा ट राजि की
बराबर की िर स,े कालं (11) जिजनदिष्ट ंुद्रा ंें और कालं (10) की तत्स ंबंधी प्रजिजष्ट ंें जिजनर्िष्ा ट ंाप इकाई के
अनुसार प्रजतपाटन िुल् क लगाती ह,ै िा:-
सारणी
क्रं टैररफ िस्ट्त ुका जििरण जििेर्षता ंलू तः जन ाता क उत्पािक जन ाता क राजि इकाई ंद्रु ा
सं. िीर्षा उत्पािन ििे
का ििे
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1. 3904 ‘पॉजलटेराफ्लोरोइजिजलन कोई भी रूस रूस कोई भी कोई भी 874.56 ंीररक अंेररकी
61 (पीटीएफई) टन डॉलर
00[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 3
2. 3904 ‘पॉजलटेराफ्लोरोइजिजलन कोई भी रूस रूस से कोई भी कोई भी 874.56 ंीररक अंेररकी
61 (पीटीएफई) जभन्न टन डॉलर
00 कोई भी
ििे
3. 3904 ‘पॉजलटेराफ्लोरोइजिजलन कोई भी रूस ा रूस कोई भी कोई भी 874.56 ंीररक अंेररकी
61 (पीटीएफई) चीन टन डॉलर
00 िनिािी
गणराज्
से जभन्न
कोई भी
ििे
2. इस अजधसूचना के अतं गता लगा ा ग ा प्रजतपाटन िुल्क सरकारी रािप् ं ें इस अजधसूचना के प्रकािन
की तारीख से लागू होगा और ह तब तक लागू रहगे ा िब तक ‘पॉजलटेराफ्लोरोइजिजलन (पीटीएफई)’ पर उप त सु
अजधसूचना सं 23/2016-सींािुल्क (एडीडी), दिनांक 6 िनू , 2016, जिसे सा.का.जन 574 (अ) दिनांक 6 िनू ,
2016 के तहत प्रकाजित दक ा ग ा िा, द्वारा लगा ा ग ा प्रजतपाटन िुल्क िारी रहगे ा ( दि इसके पहल े िापस नहीं
जल ा िाता ह,ै इसका अजतक्रंण नहीं होता ह ै ा इसंें संिोधन नहीं होता ह ै तो) और इसका भुगतान भारती ंुद्रा ं ें
करना होगा।
स्ट्प ष्ट ीकरण – इस अजधसूचना के उद्देम के जलए सस े प्रजतपाटन िल्ु क की गणना के प्र ोिन हते ु लाग ू जिजनं िर
िही िर होगी िो दक भारत सरकार, जित् त ंं्ाल (रािस्ट् ि जिभाग) की अजधसूचना, जिसे सींा िुल् क अजधजन ं,
1962 (1962 का 52) की धारा 14 के तहत प्रित् त िजत स ों का प्र ोग करत े हए सं -सं पर िारी दक ा ग ा हो,
ंें जिजनर्िष्ा ट की गई होगी और इस जिजनं िर के जनधाारण की संगत तारीख िह तारीख होगी िो दक उ्त अजधजन ं
की धारा 46 के अतं गता आगं प् ंें प्रिर्िता होगी।
[फा. स.ं 354/113/2020-टीआर ]ू
रािीि रंिन, अिर सजचि
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 26th April, 2021
No. 24/2021-Customs (ADD)
G.S.R. 288(E).—Whereas, in the matter of review of anti-dumping duty on imports of
‘Polytetrafluoroethylene (PTFE)’ falling under the tariff item 3904 61 00 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 Russia, the
designated authority, vide its final findings in notification No. 15/2/2015-DGAD, dated the 12th April 2016, published
in the Gazette of India, Extraordinary, Part I, Section 1, dated the 12th April 2016, had recommended imposition of
the anti-dumping duty on Polytetrafluoroethylene or PTFE, originating in or exported from Russia.
And whereas, on the basis of the aforesaid findings of the designated authority, the Central Government had
imposed anti-dumping duty on imports of ‘Polytetrafluoroethylene (PTFE)’, originating in or exported from Russia,
vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No.23/2016-
Customs (ADD), dated the 6th June, 2016, published vide number G.S.R. 574(E) in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), dated the 6th June, 2016.
And whereas, the designated authority, vide notification No.07/22/2020-DGTR, dated the 19th June, 2020,
published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 19th June, 2020, in the matter of
circumvention of the anti-dumping duty imposed on imports of ‘Polytetrafluoroethylene (PTFE)’ originating in or4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
exported from Russia, had initiated an investigation to determine the need for extending the anti-dumping duty
imposed on imports of ‘Polytetrafluoroethylene (PTFE)’, originating in or exported from Russia, vide notification of
the Government of India in the Ministry of Finance (Department of Revenue), No.23/2016-Customs (ADD), dated the
6th June, 2016, published vide number G.S.R. 574(E) in the Gazette of India, Extraordinary, Part II, Section 3, Sub-
Section (i), dated the 6th June, 2016, to the imports of ‘Polytetrafluoroethylene (PTFE)’ (hereinafter referred to as the
‘subject goods’) falling under the tariff item 3904 61 00 of the First Schedule to the Customs Tariff Act, originating
in, or exported from Korea RP (hereinafter referred to as the subject country) into India.
And whereas, the designated authority in its final findings, published vide notification No.07/22/2020-DGTR,
dated the 27th January, 2021, in the Gazette of India, Extraordinary, Part I, Section 1, has come to the conclusion that-
(i) there has been a change in pattern of trade in case of subject goods from the subject country;
(ii) imports of subject goods from the subject country are entering at dumped prices;
(iii) the import of subject goods from the subject country has undermined the remedial effect of existing anti-
dumping measure on the imports of the subject goods originating in or exported from Russia,
and has recommended imposition of the existing anti-dumping duty imposed on the imports of
‘Polytetrafluoroethylene (PTFE)’, originating in or exported from Russia, vide notification of the Government of India
in the Ministry of Finance (Department of Revenue), No.23/2016-Customs (ADD), dated the 6th June, 2016, published
vide number G.S.R. 574(E) in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the
6th June, 2016, on the subject goods, originating in or exported from the subject country.
Now, therefore, in exercise of the powers conferred by sub-sections (1), (1A) and (5) of section 9A of the
Customs Tariff Act, read with rule 27 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, specification of which is specified in column (4),
falling under tariff item of the First Schedule to the Customs Tariff Act, specified in the corresponding entry in
column (2), originating in the countries specified in the corresponding entry in column (5), exported from the
countries specified in the corresponding entry in column (6), produced by the producers specified in the corresponding
entry in column (7), exported by the exporters specified in the corresponding entry in column (8) and imported into
India, an anti-dumping duty at the rate equal to the amount specified in the corresponding entry in column (9), in the
currency specified in the corresponding entry in column (11) and as per unit of measurement specified in the
corresponding entry in column (10) of the said Table, namely:-
TABLE
Sl. Tariff Description of Specifica Country Country Pro- Export Amou Unit of Cur-
No. item goods tion of origin of ducer er nt measureme rency
export nt
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
1. 3904 61 Polytetrafluore- Any Russia Russia Any Any 874.56 MT US
00 thylene (PTFE) Dollar
2. 3904 61 Polytetrafluore- Any Russia Any Any Any 874.56 MT US
00 thylene (PTFE) other Dollar
than
Russia
3. 3904 61 Polytetrafluore- Any Any Russia Any Any 874.56 MT US
00 thylene (PTFE) other Dollar
than
Russia or
People’s
Republic
of China
2. The anti-dumping duty imposed under this notification shall be effective from the date of publication of this
notification in the Official Gazette and will be co-terminus with the anti-dumping duty on Polytetrafluoroethylene
(PTFE) as levied vide aforesaid notification No. 23/2016-Customs (ADD), dated the 6th June, 2016, published vide
number G.S.R. 574(E), dated the 6th June, 2016 (unless revoked, superseded or amended earlier), and the anti-
dumping duty shall be paid in Indian currency.[भाग II—खण् ड 3(i)] भारत का रािप् : असाधारण 5
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 Customs Act.
[F. No. 354/113/2020-TRU]
RAJEEV RANJAN, Under Secy.
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and Published by the Controller of Publications, Delhi-110054.