The Central Board of Indirect Taxes and Customs (CBIC) held that countervailing duty is not payable on Hot Rolled and Cold Rolled Stainless Steel Flat Products imported from China till 31st January 2022.
As per the notification, in the matter of import of “Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products”, falling under heading 7219 or 7220 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 vide notification No. 14/18/2015 – DGAD, dated the 4th July 2017, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 4th July 2017, had recommended imposition of definitive countervailing duty on the imports of subject goods, originating in or exported from the subject country. On the basis of aforesaid findings of the designated authority, the Central Government had imposed a definitive countervailing duty on the subject goods.
in the exercise of the powers conferred by sub-sections (1) and (6) of section 9 of the Customs Tariff Act, read with rules 20 and 22 of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995, the Central Government hereby makes the following amendments in the said notification, namely “in the said notification, in the proviso to paragraph 2, for the figures, letters and word “30th day of September 2021.”, the figures, letters and word “31st day of January 2022” shall be substituted.”Subscribe Taxscan Premium to view the Judgment