News Update

Revenue Secretary urges Industry & traders to pass on benefits of lower GST rates to consumersGST - Sushil Modi further sensitises Infosys; EDIT facility for returns to be activated soonGovt sets up Second National Judicial Pay CommissionImpact of Moody's rating upgrade - NHAI projects become less riskyIT infra missing at many Customs stations - CBEC Chairperson asks for speeding up installation of netwrok equipmentsIncome Tax seizes cash to tune of Rs 11 Crore from NSE brokerAustralians support same-sex marriage in national surveyDigital economy to the fore again (See 'TII EDIT')Renewable Energy - Challenge is research in storage technologyICAO Audit finds safety system in placeI-T - Interest received towards late payment following award passed by District Court is taxable income: HCPM reviews performance of key infra projectsCX – Blinds are in nature of curtains and cannot be said to become immovable properties when they are mounted on wall: CESTATGST Administration facing acute manpower shortage at Group 'A' level; About 1900 posts remain vacant against over 5800 posts in CBECJD(U) election symbol - EC verdict out; Nitish faction defeats Sharad Yadav splinter groupSEBI bans Swarnabhumi Agritech India & its Directors for four yearsGST - MRP - additional stickers allowed upto Dec 31, 2017CBDT invites comments of stakeholders for conversion of Indian branches of foreign banks to Indian subsidiary companyMoody's upgrade India's credit rating to Baa2CBDT issues transfer order of 7 DC/ACITsBudget 2018 - MoF invites suggestions from Industry and TradeCommerce Minister to participate in Shanghai Cooperation Organization meetingGST - CBEC clarifies on refund of unutilised ITC of GST paid on inputs by fabric exportersCBDT issues transfer order of 8 Addl / JCITsGST - FICCI steps up demand for inclusion of natural gasRevenue Secretary welcomes Moody’s upgraded rating; GST gets full creditGST receipts - Agency commission to banks - Mumbai office of RBI to settle all claimsTaxability of High Sea Sales under Customs & GST - A detailed analysisSiliguri DRI seizes over 7 kg gold worth Rs 2.3 Crore smuggled from Bhutan & MyanmarCabinet sanctions posts of Chairman & Members of National Anti-Profiteering AuthorityUnion Cabinet extends aid to strengthen infra for judiciaryCBEC notifies new Customs exchange rates effective from November 17, 2017
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

NEW DELHI

NOTIFICATION NO

1/2016-Customs (CVD), Dated: January 19, 2016

Whereas, in the matter of 'Castings for wind-operated electricity generators whether or not machined, in raw, finished or sub-assembled form, or as a part of a sub- assembly, or as a part of an equipment/ component meant for wind-operated electricity generators' (hereinafter referred to as the subject goods) falling under tariff items 8483 40 00, 8503 00 10 or 8503 00 90 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), hereinafter referred to as the Customs Tariff Act, originating in or exported from, People's Republic of China (hereinafter referred to as the subject country), and imported into India, the designated authority in its final findings, published in the Gazette of India, Extraordinary, Part I, Section 1, vide notification No. 17/6/2013-DGAD, dated the 27th November, 2015 has come to the conclusion that-

(i) the subject goods have been exported to India from subject country at subsidized value, thus resulting in subsidization of the product;

(ii) the domestic industry has suffered material injury due to subsidization of the subject goods;

(iii) the material injury has been caused by the subsidized imports of the subject goods originating in or exported from the subject country;

and has recommended the imposition of definitive countervailing duty on imports of the subject goods originating in, or exported, from the subject country,

Now, therefore, in 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, after considering the aforesaid final findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in column (3) of the Table below, falling under tariff items of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2), originating in the countries as specified in the corresponding entry in column (4), exported from the countries as specified in the corresponding entry in column (5), produced by the producers as specified in the corresponding entry in column (6), exported by the exporters as specified in the corresponding entry in column (7), and imported into India, countervailing duty at the rate to be worked out as percentage of the landed value of imports of the subject goods as specified in the corresponding entry in column (8) of the said Table, namely:-

Table

Sl. No

Tariff item

Description of goods

Country of origin

Country of export

Produc er

Exporter

Percentage of landed value

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

1

8483 40 00, 8503 00 10 or 8503 00 90

Castings for wind- operated electricity generators, whether or not machined, in raw, finished or sub- assembled form, or as a part of a sub- assembly, or as a part of an equipment/ component meant for wind-operated electricity generators

People's Republic of China

People's Republic of China

Zhejiang Jiali Wind Power Technol ogy Compan y Limited

Zhejiang Jiali Wind Power Technolo gy Company Limited

8.78

2

-do-

-do-

People's Republic of China

People's Republic of China

Any

Any

13.44

3

-do-

-do-

People's Republic of China

Any country

Any

Any

13.44

4

-do-

-do-

Any country

People's Republic of China

Any

Any

13.44

2. The countervailing duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.

Explanation.- For the purposes of this notification, "landed value" shall be the assessable value as determined under the Customs Act 1962, (52 of 1962) and all duties of customs except duties levied under sections 3, 3A, 8B, 9 and 9A of the Customs Tariff Act.

[F. No. 354/84/2015-TRU]

(K Kalimuthu)
Under Secretary to the Government of India