|13 Feb 2014||Initiation|
ANNOUNCED AS TEMPORARYNo
On February 13, 2014, the Indian Directorate General of safeguards initiated a safeguard investigation on imports of saturated fatty alcohols with carbon chain length of C8, C10, C12, C14, C16 and C18, including single, blends and unblended (not including branched isomers).
The products subject to investigation are classified under the following HS codes: 3823.7010, 3823.7020, 3823.7040, 3823.7090 and 2905.1700.
This follows the application lodged by M/S VVF (India) Limited, which accounts for 63% of the domestic production of the subject goods.
According to the UN Comtrade Database, in 2013 the following countries exported goods classified under HS code subheadings 3823.70 and 2905.17 to India with a trade value over USD 1 million: Malaysia, Thailand, Indonesia, the United Kingdom and Germany.
On May 26, 2014, the Indian Directorate General of safeguards issued its preliminary findings and recommended the imposition of a provisional safeguard duty of 20% for 200 days.
On August 28, 2014, the Indian Ministry of Finance issued the Customs Notification imposing this provisional safeguard duty (Notification No. 03/2014-Customs (SG), 28.08.2014). The rate of the duty is 20%. This duty shall be enforced for a period of 200 days.
On October 9, 2014, the Indian Directorate General of safeguards issued its final findings and recommended the imposition of a definitive safeguard duty on imports of saturated fatty alcohols for a period of 30 months. It recommended a duty of 20% during the first year, 18% during the second year and 12% during the subsequent six months.
On March 13, 2015, the Indian Ministry of Finance issued the Customs Notification imposing this definitive safeguard duty (Notification No. 1/2015-Customs (SG), 13.03.2015). The rate of the duty is 20% for the period from 28.08.2014 to 27.08.2015; 18% for the period from 28.08.2015 to 27.08.2016; and 12% for the period from 28.08.2016 to 27.02.2017.
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