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Friday, December 21, 2012

Custom imposes safeguard duty on import of electronic insulators

Custom department has imposed safeguard duty on import of electronic insulators. Custom department has issued a notification no. 5/2012 dated 20 December 2012 about imposing of safeguard duty on import of electronic insulators. Safeguard duty is like anti dumping duty with which imported goods cost more to the importers and save domestic market from international competition. Full notification is as under.



Notification No. 5/ 2012-Customs (SG)

New Delhi; the 20th December, 2012

            G.S.R. 912(E).- WHEREAS, in the matter of import of electrical insulators, falling under tariff heading 8546 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), the Director General (Safeguard), in its final findings published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 729 (E), dated the 27thSeptember, 2012,  had come to the conclusion that:
(a)  increased imports of electrical insulators from the People’s Republic of China have caused and threatened to cause market disruption to the domestic industry and producers of electrical insulators;
(b)  a causal link exists between the increased imports and market disruption and threat of market disruption; and
(c)  it will be in the public interest to impose Safeguard duty on import of  electrical insulators from People’s Republic of China;

            AND WHEREAS, the Director General (Safeguard) in its final findings has recommended that the safeguard duty be imposed on imports of electrical insulators imported from the People’s Republic of China for a period of two years;

            NOW, THEREFORE, in exercise of the powers conferred by sub-section (1) of section 8C of the Customs Tariff Act, 1975 (51 of 1975) read with the rules 12 and 14 of the Customs  Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, the Central Government, after considering the aforesaid findings of the Director General (Safeguard), hereby imposes on the goods of description specified in column (3) of the Table below, falling under sub-heading of the First Schedule to the said Customs Tariff Act as specified in the corresponding entry in column (2), when imported into India from the People’s Republic of China, a safeguard duty at the rate indicated in the corresponding entry in column (4) ad valorem.

Sub-heading
Description
Rate of Safeguard Duty


1st year
2nd year
8546 10
Electrical insulators of Glass
35%
25%
8546 20
Electrical insulators of Ceramics or Porcelain excluding telephone or telegraph insulators, other electrical or electronic appliances/ device insulators, electrical insulators of voltage rating up to 1 kV and composite insulators
35%
25%
-
Items at S. No. 1 or 2, if cleared under any other Customs Tariff Heading including Project Imports.
35%
25%

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