Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of 'Polybutadiene Rubber' 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. - 31/2020 - Customs -Tariff

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Bilateral safeguard measure increases customs duty on Korea origin polybutadiene imports under the India Korea CEPA temporarily. The Central Government, acting on the Director General of Trade Remedies' preliminary recommendation, amended Notification No.152/2009 Customs to insert a new tariff entry for Polybutadiene Rubber (tariff item 4002 20 00) and increase the customs duty on Korea origin imports under the India Korea CEPA as a provisional bilateral safeguard measure, effective for a specified provisional period and subject to earlier revocation, supersession or amendment, pursuant to section 25 of the Customs Act and the Bilateral Safeguard Measures Rules.

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Bilateral safeguard measure increases customs duty on Korea origin polybutadiene imports under the India Korea CEPA temporarily.

The Central Government, acting on the Director General of Trade Remedies' preliminary recommendation, amended Notification No.152/2009 Customs to insert a new tariff entry for Polybutadiene Rubber (tariff item 4002 20 00) and increase the customs duty on Korea origin imports under the India Korea CEPA as a provisional bilateral safeguard measure, effective for a specified provisional period and subject to earlier revocation, supersession or amendment, pursuant to section 25 of the Customs Act and the Bilateral Safeguard Measures Rules.

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Bilateral safeguard measure increases customs duty on Korea origin polybutadiene imports under the India Korea CEPA temporarily.

Topics