Seeks to amend notification No. 1/2016-Customs(SG) dated 29.03.2016 to prescribe import prices on CIF basis at or above which safeguard duty on subject goods will not be applicable - 2/2016 - Safeguard Duty

Government of India Ministry of Finance (Department of Revenue) Notification No. 2/2016-Customs (SG) New Delhi, the 5th August, 2016 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 8B of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) read with rules 12 , 14 and 17 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 , the Central Government, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2016-Customs (SG), dated the 29th March, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.363(E), dated the 29th March, 2016 , namely:- In the said notification, for paragraph 2, the following paragraph shall be substituted, namely:- 2. The safeguard duty shall not be imposed on the subject goods, falling under tariff item of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2) of the Table below, when imported into India, at or above the import price on CIF basis as mentioned in the corresponding entry in column (3), in the currency as specified in the corresponding entry in column (5) and as per unit of measurement as specified in the corresponding entry in column (4) of the said Table, namely :- S. No. Tariff Item Import price on CIF basis Unit Currency (1) (2) (3) (4) (5) 1 7208 10 00 445 MT US Dollar 2 7208 25 10 500 MT US Dollar 3 7208 25 20 500 MT US Dollar 4 7208 25 30 445 MT US Dollar 5 7208 25 40 445 MT US Dollar 6 7208 25 90 500 MT US Dollar 7 7208 26 10 500 MT US Dollar 8 7208 26 20 500 MT US Dollar 9 7208 26 30 445 MT US Dollar 10 7208 26 40 445 MT US Dollar 11 7208 26 90 500 MT US Dollar 12 7208 27 10 500 MT US Dollar 13 7208 27 20 500 MT US Dollar 14 7208 27 30 445 MT US Dollar 15 7208 27 40 445 MT US Dollar 16 7208 27 90 500 MT US Dollar 17 7208 36 10 500 MT US Dollar 18 7208 36 20 500 MT US Dollar 19 7208 36 30 445 MT US Dollar 20 7208 36 40 445 MT US Dollar 21 7208 36 90 500 MT US Dollar 22 7208 37 10 500 MT US Dollar 23 7208 37 20 500 MT US Dollar 24 7208 37 30 445 MT US Dollar 25 7208 37 40 445 MT US Dollar 26 7208 37 90 500 MT US Dollar 27 7208 38 10 500 MT US Dollar 28 7208 38 20 500 MT US Dollar 29 7208 38 30 445 MT US Dollar 30 7208 38 40 445 MT US Dollar 31 7208 38 90 500 MT US Dollar 32 7208 39 10 500 MT US Dollar 33 7208 39 20 500 MT US Dollar 34 7208 39 30 445 MT US Dollar 35 7208 39 40 445 MT US Dollar 36 7208 39 90 500 MT US Dollar 37 7225 30 90 445 MT US Dollar Explanation. For the purpose of this notification import price on CIF basis means the assessable value as determined under section 14 of the Customs Act, 1962 (52 of 1962) . . [F.No.354/219/2015-TRU] (Mohit Tiwari) Under Secretary to the Government of India Note: The principal notification No.1/2016-Customs (SG), dated the 29th March, 2016, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.363(E), dated the 29th March, 2016.