CBIC notifies Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules, 2021

CBIC - Customs Tariff - Identification - Assessment - Collection of Countervailing Duty- Subsidized Articles -Determination of Injury - Amendment Rules - Taxscan

The Central Board of Indirect Taxes and Customs (CBIC) notified the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules, 2021.

The notification will come into force from 2nd February, 2021.

The notification seeks to amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995.

In rule 2, in clause (b), after the word “thereof”, the words ‘, the term “domestic industry” may be interpreted as referring to the rest of the producers’ shall be inserted.

In rule 6, in sub-rule (4), for the words “Collector of Customs”, the words “Principal Commissioner of Customs or Commissioner of Customs, as the case may be,” shall be substituted.

In in rule 24, in sub-rule (4), the proviso shall be inserted, namely“Provided that notwithstanding anything contained in rule 19, such review shall be completed at least three months prior to expiry of the countervailing duty under review,”  which will come into effect from the 1 July, 2021.

The amendment notified that the Central Government may, on the recommendation of the designated authority, resort to provisional assessment of the imports of the article alleged to be circumventing a countervailing duty in force and may ask a guarantee from the importer, till the time a decision under sub-rule (3) of rule 27 is taken by the Central Government.

In rule 28, in sub-rule (2), the proviso shall be inserted namely, “Provided that such review shall be completed at least three months prior to expiry of the duty under review”, with effect from the 1st day of July, 2021.

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