Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
The CBIC has issued Notification No. 09/2023-Customs (ADD) on 11th September 2023. The notification relates to the imposition of Anti-Dumping Duty (ADD) on import of Flat Base Steel Wheels originating in and exported from China PR for a duration of 5 years. As per this notification, the designated authority initiated a review under sub-section (5) of section 9A of the Customs Tariff Act, 1975, in conjunction rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995. The review aimed to assess the continuation of the anti-dumping duty on imports of Flat Base Steel Wheels under sub-heading 8708 70 of the Customs Tariff Act, originating from China PR.
The observations made by the designated authority are as follows:
The CBDT has implemented these recommendations by exercising its power under section 9A of the Customs Tariff Act 1975 read with relevant rules. Anti-dumping duty has been imposed on “Flat Base Steel Wheels” for a period of 5 years. This decision to impose a five-year duty on imports of “Flat Base Steel Wheels” has been implemented to protect Indian Industries. Importers and Stakeholders should make a note of this as this development will have implications on trade involving these specific steel wheels.
The financial sector is changing in the current digital era. Banking is no longer limited to ju...
The Indian financial market is diversifying and fast-changing. Making the right decision for in...
If you are an Indian seeking to live in the beautiful country of Sweden, 2025 is the right time...
Social Stock Exchange (SSE) is a platform where social welfare organizations and social enterpr...
Foreign investors today hold over Rs 80 Lakh crore assets in the Indian markets. However, in re...
Are you human?: 2 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The Central Board of Indirect Taxes (CBDT) has on 15th September 2023 issued Notification No. 31/2023-Central Excis...
22 May, 2024
On January 5th, 2024, the Indian Ministry of Finance, Revenue Department, Central Board of Indirect Taxes and Custo...
30 Mar, 2024