MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION

New Delhi, the 12th December, 2001

No. 123/2001-CUSTOMS

G.S.R. 898(E).—WHEREAS in the matter of import of Hard Ferrite Ring Magnets, falling under

Chapter 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported

from, China P.R., the Designated Authority vide its preliminary findings, published in the Gazette of India,

Extraordinary, Part I, Section 1, dated the 1st April, 1999 had come to the conclusion that -

(a)

Hard Ferrite Ring Magnets originating in, or exported from, China P.R. has been exported to

Tndia below normal value, resulting in dumping;

(b)

the Indian industry has suffered material injury;

(c)

the injury has been caused cumulatively by the imports from me subject country;

THE GAZETTE OF INDIA: EXTRAORDINARY

fPART H—SEC. 3(i)]

AND WHEREAS on the basis of the aforesaid findings of the Designated Authority, the Central

Government had imposed an anti-dumping duty vide notification of the Government of India, in tne

Ministry of Finance (Department of Revenue), No. 54/99-Customs, dated the 4th May, 1999 [G-S.R. 307

(E), dated the 4th May, 1999], published in Part II, Section 3, Sub-section (i) of the Gazette of India,

Extraordinary, dated the 4th May 1999;

AND WHEREAS the Designated Authority vide its final findings, dated the 12th July, 1999, published

in the Gazette of India, Extraordinary, Part I, Section 1, dated the 12th July, 1999, had come to the

conclusion that -

(a)

Hard Ferrite Ring Magnets originating in, or exported from, China P.R. has been exported to

India below normal value;

(b)

the domestic industry has suffered material injury;

(c)

the injury has been caused to the domestic industry by the dumping of the subject goods

originating in, or exported from, China f.R.;

AND WHEREAS on the basis of the aforesaid findings of the Designated Authority; the Central

Government had imposed an anti-dumping duty vide notification of the Government of India in the

Ministry of Finance (Department of Revenue), No. 103/99-Customs, dated the 6th August, 1999 [G.S.R.

580 (E), dated the 6th August, 1999], published in Part II, Section 3, Sub-section (i) of the Gazette of India,

Extraordinary, dated the 6th August, 1999;

AND WHEREAS the designated authority vide its final findings in review, published in the Gazette- of

India, Extraordinary, Part I, Section 1, datod the 23^rd October, 2001 has come to the conclusion that-

(a) the subject goods exported from the subject country have been exported to India below its

normal value;

(b) the domestic industry has suffered material injury by way of depressed Net Sales Realization

(NSR) on account of price suppression caused by low lanaed prices of the dumped subject

goods from the subject country leading to financial losses;

originating in or exported from the subject country. The authority recommends anti-dumping

duty on imports of all forms/grades of subject goods falling under Chapter 85 originating in

or exported from the subject country, HFRM of any grade with sizes as indicated in para

B(A) (3) of the said findings would attract the anti-dumping duties;

(d) It is also felt that withdrawal/discontinuance of anti-dumping duty will further accentuate

dumping and consequential injury to the domestic industry;

Now, therefore, in exercise of the powers conferred by sub-sections (1), (5) and (6) of section 9A

of the said Customs Tariff Act, read with rule 23 of the Customs Tariff (Identification, Assessment and

Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the

Central Government, after considering the aforesaid findings of the designated authority, hereby imposes

on the Hard Ferrite Ring Magnets mentioned in column (3) of the Table below, falling under sub-heading

No. 8505.19 of the First Schedule to the said Customs Tariff Act, originating in, or exported from, China

P.R., exported by the exporters mentioned in column (2) of the said Table and imported into India, an anti-

dumping duty at a rate which is equivalent to the difference between the amount mentioned in column (4)

of the said Table and the landed value of the said imported Hard Ferrite Ring Magnets per metric tonne.

Table

No.

(1)

Name

the

exporter/producer

(2)

PR China

All exporters/producers

Product

(3)

Hard Ferrite Ring Magnet (HFRM) of all

grades

and

sizes

including

unmagnetiscd form

Amount

USVmetric tonne)

(4)

1123.8

The anti dumping duty imposed under this notification shall be effective upto and inclusive of the

3rd day of May, 2004, unless Ihe time limit is extended or the notification is revoked before such time, by

notification published in the Official Gazette and shall be paid in Indian currency.

Explanation, - For the purposes of this notification,-

(a)

"landed value" means the assessable value as determined under the Customs Act, 1962 ( 5i"X

1962) and includes all duties of Customs except duties levied under section 3, 3A, 8B, 9 and 9A of the said'

Customs Tariff Act.

(b)

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 in the Ministry of Finance

(Department of Revenue), issued from time to time, in exercise of the powers conferred under sub-clause

(i) of clause (a) of sub-section (3) of section 14 of the said Customs Act and the relevant date for

determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46

of the said Customs Act.

[F. No. 356/63/2001-TRU]

CD. LOHAN1, Under Secy.

NOTIFICATION

New Delhi, the 12th December, 2001

No. 124/2001-CUSTOMS

G.S.R. 899(E),—In exercise of powers conferred by sub-section (1) of section 9A of the Customs

Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment

and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995,

the Central Government hereby rescinds the notification of the Government of India, in the Ministry of

Finance (Department of Revenue), No.l03/99-Customs, dated the 6^lh August, 1999 [G.S.R.580 (E), dated

the 6^lh August, 1999], except as respects things done or omitted to be done before such rescission.

[F. No. 356/63/2001-TRU]

G.D.LOHANI, Under Secy,

Tir/(?»pf-cK.i

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