Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017. - 29/2020 - Customs -Tariff
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Bilateral safeguard measures raise customs duty on Korea origin Phthalic Anhydride to MFN level for a provisional period. The Director General of Trade Remedies provisionally found that duty concessions on Korea origin Phthalic Anhydride caused increased imports and serious injury to domestic industry and recommended a provisional bilateral safeguard raising duties to the level of Most Favoured Nation duty. The Central Government amended Notification No.152/2009 Customs to insert a zero concession entry and a higher duty entry for the relevant tariff item, and provided that the higher duty entry shall operate up to and inclusive of 21 January 2021 unless earlier revoked, superseded or amended.
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Bilateral safeguard measures raise customs duty on Korea origin Phthalic Anhydride to MFN level for a provisional period.
The Director General of Trade Remedies provisionally found that duty concessions on Korea origin Phthalic Anhydride caused increased imports and serious injury to domestic industry and recommended a provisional bilateral safeguard raising duties to the level of Most Favoured Nation duty. The Central Government amended Notification No.152/2009 Customs to insert a zero concession entry and a higher duty entry for the relevant tariff item, and provided that the higher duty entry shall operate up to and inclusive of 21 January 2021 unless earlier revoked, superseded or amended.
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