Page 87 - ELT_15th July 2020_Vol 373_Part 2

2020 ] NOTIFICATIONS N19

In exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it
is necessary in the public interest so to do, hereby makes the following further
amendments in the notification of the Government of India in the Ministry of
Finance (Department of Revenue) No. 9/2012-Customs, dated the 9th March,
2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-
section (i), vide number G.S.R. 129(E), dated the 9th March, 2012, namely :-
2. In the said notification, in condition no. (iii), the following proviso
shall be inserted, namely :-
“Provided that for the cases where the last date of re-import falls be-
tween the 1st February, 2020 and the 31st July, 2020, the last date stands
extended by three months;”.
[Notification No. 30/2020-Cus., dated 10-7-2020]

Import from Korea — Concessional rate of Customs duty
for specified goods revised — Amendment to Notifica-
tion No. 152/2009-Cus.
[Amend at pages 270 and 266 of 71st Edition of Customs Tariff Vol. 1, 2020-21]
Whereas in the matter concerning imports of “Polybutadiene Rubber”
(hereinafter referred to as the subject goods) falling under tariff item 4002 20 00
of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter re-
ferred to as the Customs Tariff Act), the Director General of Trade Remedies
(hereinafter referred to as the Authority) initiated an investigation in terms of the
India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safe-
guard Measures) Rules, 2017 (hereinafter referred to as the said rules) vide initia-
tion notification under F. No. 22/7/2019-DGTR, dated the 7th November, 2019
published in the Gazette of India, Extraordinary dated the 7th November, 2019 in
order to determine whether the imports of the subject goods from Korea RP con-
stitute increased imports and whether the increased imports have caused or are
threatening to cause serious injury to the domestic industry.
And whereas, in the preliminary findings of the Bilateral Safeguard in-
vestigation issued vide F. No. 22/7/2019-DGTR, dated the 12th May, 2020, pub-
lished in the Gazette of India, Extraordinary dated the 12th May, 2020, the Au-
thority has provisionally concluded that -
(i) the domestic industry has suffered serious injury as a result of duty
concessions granted to Korean imports leading to increased imports
of the subject goods from Korea at low prices;
(ii) that injury to the domestic industry has been caused by the in-
creased Korean imports and there is a causal link between increased
imports of subject goods from Korea and serious injury to the do-
mestic industry;
(iii) the factors present constitute critical circumstances and are affecting
the overall performance of the domestic industry, justifying imposi-
tion of provisional bilateral safeguard measure,

EXCISE LAW TIMES  15th July 2020  87