Seeks to confirm the provisional Bilateral Safeguard measure on imports of Phthalic Anhydride originating in Korea RP under the India-Korea Comprehensive Economic Partnership Agreement, and to further amend notification no. 152/2009 dated 31.12.2009 to modify the rate of duty of customs on said imports, on recommendation of final findings of Directorate General of Trade Remedies under the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017 - 44/2020 - Customs -Tariff

India Raises Customs Duty on Phthalic Anhydride Imports from Korea to Protect Domestic Industry under Trade Agreement.

The notification confirms the provisional bilateral safeguard measure on imports of Phthalic Anhydride from Korea under the India-Korea Comprehensive Economic Partnership Agreement. Following the Directorate General of Trade Remedies' final findings, the Central Government has decided to increase the customs duty rate on these imports to protect the domestic industry from serious injury caused by increased imports. The amendments to the 2009 notification specify the new duty rates and their effective periods, with certain entries in the customs table being rendered ineffective until specified dates in 2021 and 2022, unless altered earlier.