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 - 01/2021 - Customs -Tariff

India Imposes Safeguard Duty on Korean Phthalic Anhydride Imports, Adjusts Customs Duty Rates Under CEPA Agreement.

The notification confirms a bilateral safeguard measure on imports of Phthalic Anhydride from Korea under the India-Korea Comprehensive Economic Partnership Agreement. It amends a previous notification to adjust customs duty rates based on final findings by the Directorate General of Trade Remedies. The investigation concluded that increased imports from Korea have caused serious injury to the domestic industry. Consequently, the Central Government confirms the provisional safeguard measure effective from July 13, 2020, and introduces further amendments to the customs notification, specifying duty rates and effective periods for different serial numbers in the customs tariff schedule.