The Central Board of Indirect Taxes and Customs (CBIC) has extended the imposition of Anti-Dumping Duty on Synthetic Grade Zeolite to imports from Thailand and Iran.
The Directorate General of Foreign Trade (DGFT), under Case No. CVD(OI) – 04/2024, has issued its final findings, proposing to impose an anti-dumping duty on Synthetic Grade Zeolite 4A from Iran and Thailand.
This decision is based on an application submitted by M/s Gujarat Credo Mineral Industries Limited. The product in question, “Synthetic Grade Zeolite 4A,” also referred to as “Zeolite 4A,” falls under Chapter 28 of the Customs Tariff Act, 1975, with a sub-heading of 2842 1000.
In adherence to the lesser duty rule, the Authority recommended the imposition of an antidumping duty equal to the lesser of the dumping margin and the injury margin to mitigate harm to the domestic industry. Consequently, the Authority proposed to impose a definitive anti-dumping duty on imports of the subject goods from the specified countries for a duration of five (5) years from the date of notification issued by the Central Government.
Read More: DGFT Proposes Anti-Dumping Duty on Synthetic Grade Zeolite 4A from Iran and Thailand
In concurrence with the investigation, the Central Board of Indirect Taxes and Customs (CBIC) noted that, “the product under consideration has been exported to India at a price below normal value, thus resulting in dumping, the imports from the subject countries have increased in absolute as well as relative terms throughout the injury investigation period; and that the landed value of imports of the subject goods from subject countries is much below the non injurious price of the domestic industry indicating significant injury margin/price underselling.”
Notably, the customs authorities may verify the origin of subject goods in case imports are reported as originating in the United Arab Emirates.
The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
Read the official Gazette Notification to Know More.
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