ANNOUNCEMENT 17 Apr 2013In April 2013, the government of India initiated a new safeguard investigation.
NUMBER OF INTERVENTIONS
Government of India, Directorate General of Safeguards, Initiation of safeguard investigation concerning imports of Sodium Nitrite into India, 17.04.2013:
Government of India, Directorate General of Safeguards, Final Findings, Safeguard investigation concerning imports of Sodium Nitrite, 17.09.2013:
Government of India, Ministry of Finance, Department of Revenue, Notification No. 01/2014-Customs (SG), 26.02.2014:
On April 17, 2013, the Indian Directorate General of safeguards initiated a safeguard investigation on imports of sodium nitrite.
The product subject to investigation is classified under the following HS code: 2834.1010.
This follows the application lodged by M/S Deepak Nitrite Limited, which accounts for more than 86% of the domestic production of the subject good.
On September 17, 2013, the Indian Directorate General of safeguards issued its final findings and recommended the imposition of a safeguard duty for 15 months on the imports of sodium nitrite.
On February 26, 2014, the Indian Ministry of Finance issued the Customs Notification imposing this safeguard duty (Notification No. 01/2014-Customs (SG), 26.02.2014). The rate of the duty is 30% (minus anti-dumping duty payable, if any) during the first year (up to February 25, 2015 inclusive) and 28% (minus anti-dumping duty payable, if any) during three more months (up to May 25, 2015 inclusive).