Cus Ntf No.39/2002 date 12/4/2002

Cus Ntf No.39/2002 date 12/4/2002

Safeguard duty on Acetone falling under sub-heading 2914.11 when imported from South Africa and Singapore
WHEREAS in the matter of import of Acetone, falling under sub-heading 2914.11 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), the Director General (Safeguards) vide its final findings, dated the 7 th October, 1999, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 4 th November, 1999, dated the 4 th November, 1999 had come to the conclusion that increased imports of Acetone into India have threatened to cause serious injury to the domestic procedures of Acetone and it would be in the public interest to impose safeguard duty for a period of two years and six months on imports of Acetone into India;

AND WHEREAS after considering the aforesaid final findings, the Central Government has imposed safeguard duty on Acetone vide notification No.7/2000-Customs, dated the 27 th January, 2000, [G.S.R. 68(E), dated the 27 th January, 2000] published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 27 th January, 2000, upto and inclusive of the 26 th day of July, 2002;

AND WHEREAS the Director General (Safeguards) vide its final findings in review, dated the 4 th February, 2002, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 8 th February, 2002 has come to the conclusion that the share of imports of Acetone into India from South Africa and Singapore during the period April-October, 2001 has been 3% or more and recommended that imports of Acetone into India from South Africa and Singapore be subjected to safeguard duty leviable thereon;

NOW THEREFORE, in exercise of powers conferred by sub-section (1) of section 8B of the said Customs Tariff Act, read with sub-section (6) thereof and rule 18 of Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government after considering the aforesaid final findings in review, hereby makes the following amendment in the said notification of the Government of India in the Ministry of Finance (Department of Revenue) No.7/2000-Customs, dated the 27 th January, 2000, except as respects things done or omitted to be done before such amendment, namely :-

In the said notification, in paragraph 2, for clause (b), the following clause shall be substituted, namely:-

(b) from countries notified as developing countries under clause (a) of sub-section (6) of section 8B of the said Customs Tariff Act, other than South Africa and Singapore.”