The Central Board of Indirect Taxes and Customs (CBIC) notified Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2021, which shall come into effect from 2 February, 2021.
The notification seeks to amend the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995.
Tne notification seeks to insert Rule 5 (3A) which specifies the period of investigation shall not be more than six months old as on the date of initiation of investigation and must be for a period of twelve months normally and for reasons to be recorded in writing, the designated authority may consider a minimum of six months or maximum of eighteen months.
In rule 26(4A) shall be inserted which says that the Central Government may, on recommendation of the designated authority, resort to provisional assessment of the imports of the article alleged to be circumventing an anti-dumping duty in force and may ask a guarantee from the importer, till the time a decision under sub-rule (3) of rule 27 is taken by the Central Government.
In rule 28 (2), the proviso shall be inserted, namely “Provided that such review shall be completed at least three months prior to expiry of the duty under review”, with effect from the 1st July, 2021.
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