TMI BlogFinal AntiDumping duty on Hard Ferrite Ring Magnets originating in, or exported from, China P.RX X X X Extracts X X X X X X X X Extracts X X X X ..... to the conclusion that - (a) Hard Ferrite Ring Magnets originating in, or exported from, China P.R. has been exported to India below normal value, resulting in dumping; (b) the Indian industry has suffered material injury; (c) the injury has been caused cumulatively by the imports from the subject country; AND WHEREAS on the basis of the aforesaid findings of the Designated Authority, the Central Government had imposed an anti-dumping duty vide notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 54/99-Customs, dated the 4th May, 1999 [G.S.R. 307 (E), dated the 4th May, 1999], published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ccount of price suppression caused by low landed prices of the dumped subject goods from the subject country leading to financial losses; (c) The injury has been caused to the domestic industry by dumping of the subject goods originating in or exported from the subject country. The authority recommends anti-dumping duty on imports of all forms/grades of subject goods falling under Chapter 85 originating in or exported from the subject country. HFRM of any grade with sizes as indicated in para B(A) (3) of the said findings would attract the anti-dumping duties; (d) It is also felt that withdrawal/discontinuance of anti-dumping duty will further accentuate dumping and consequential injury to the domestic industry; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the Official Gazette and shall be paid in Indian currency. Explanation . - For the purposes of this notification,- (a) "landed value" means the assessable value as determined under the Customs Act, 1962 ( 52 of 1962) and includes all duties of Customs except duties levied under section 3, 3A, 8B, 9 and 9A of the said Customs Tariff Act. (b) rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate, which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said Customs Act and the relevant ..... X X X X Extracts X X X X X X X X Extracts X X X X
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