The Government has notified the imposition of anti-dumping duty on imports of Isopropyl Alcohol for a period of 5 years.
Table of Contents
Why Anti-Dumping Duty Imposed On Unframed Isopropyl Alcohol
The “Isopropyl Alcohol” falling under tariff item 2905 12 20 of the First Schedule to the Customs Tariff Act, 1975 , originating in, or exported from People’s Republic of China, and imported into India, the designated authority in its final findings has come to the conclusion.
As per the designated authority the dumping margin for the subject goods from the subject country is positive and significant. The domestic industry has suffered material injury. The material injury to the domestic industry has been caused by the dumped imports from the subject country.
The designated authority has recommended imposition of an anti-dumping duty on the imports of subject goods, originating in, or exported from the subject country and imported into India, in order to remove injury to the domestic industry.
Time Period – Imports of Isopropyl Alcohol
The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
For the purposes of this notification, rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962, and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46.
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Notification Details
Notification No. No. 22/2024
Date: 22/10/2024
