The Ministry of Finance has notified the continued levy of countervailing duty on imports of ‘Saccharin in all its forms’ originating from China.
This decision is based on findings that removing the duty could lead to continued subsidization and harm domestic producers. The duty replaces a previous notification from 2019 and applies to specific producers and importers as listed in an official table.
The countervailing duty imposed under this notification shall be levied for a period of 5 years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
The rate of exchange applicable for the purposes of calculation of such countervailing 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 by section 14 of the Customs Act, 1962, and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the Customs Act.
Notification Details
Notification No. 01/2025-Customs (CVD)
Date: 25/02/2025
Read More: No GTA Liability When Transmission Of Electricity Is Exempted From Service Tax: CESTAT
