{"id":2001,"date":"2021-02-05T06:27:43","date_gmt":"2021-02-05T06:27:43","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=2001"},"modified":"2021-02-05T06:30:01","modified_gmt":"2021-02-05T06:30:01","slug":"customs-tariff-amendment-rules-2021-notified-by-cbic","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/","title":{"rendered":"Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules 2021"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Central Government by way of a Notification No.\n11\/ 2021, dated 01.02.2021, had amended the provisions of Customs Tariff (Identification,\nAssessment and Collection of Countervailing Duty on Subsidized Articles and for\nDetermination of Injury) Rules 1995.<\/p>\n\n\n\n<p>Further, the said amended rules will be known as Customs\nTariff (Identification, Assessment and Collection of Countervailing Duty on\nSubsidized Articles and for Determination of Injury) Amendment Rules 2021, and\nhave come into force from 02.02.2021.<\/p>\n\n\n\n<p>In this blog, we will discuss about the amendment bought by way of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules 2021.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3aba8edc6c5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3aba8edc6c5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Key_Amendments_Made_in_Customs_Tariff_Identification_Assessment_and_Collection_of_Countervailing_Duty_on_Subsidized_Articles_and_for_Determination_of_Injury_Amendment_Rules_2021\" title=\"Key Amendments Made in Customs Tariff (Identification, Assessment and\nCollection of Countervailing Duty on Subsidized Articles and for Determination\nof Injury) Amendment Rules 2021\">Key Amendments Made in Customs Tariff (Identification, Assessment and\nCollection of Countervailing Duty on Subsidized Articles and for Determination\nof Injury) Amendment Rules 2021<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Rule_2_Clause_b\" title=\"Rule 2 Clause (b)\">Rule 2 Clause (b)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Rule_6_Sub_Rule_4\" title=\"Rule 6 Sub Rule (4)\">Rule 6 Sub Rule (4)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Rule_24_Sub_Rule_4\" title=\"Rule 24 Sub Rule (4)\">Rule 24 Sub Rule (4)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Rule_24_Sub_Rule_5\" title=\"Rule 24 Sub Rule (5)\">Rule 24 Sub Rule (5)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Rule_26_Sub_Rule_4A\" title=\"Rule 26 Sub Rule (4A)\">Rule 26 Sub Rule (4A)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Rule_28_Sub_Rule_2\" title=\"Rule 28 Sub Rule (2)\">Rule 28 Sub Rule (2)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-amendment-rules-2021-notified-by-cbic\/#Copy_of_the_Official_CBIC_Notification\" title=\"Copy of the Official CBIC Notification\">Copy of the Official CBIC Notification<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Amendments_Made_in_Customs_Tariff_Identification_Assessment_and_Collection_of_Countervailing_Duty_on_Subsidized_Articles_and_for_Determination_of_Injury_Amendment_Rules_2021\"><\/span>Key Amendments Made in Customs Tariff (Identification, Assessment and\nCollection of Countervailing Duty on Subsidized Articles and for Determination\nof Injury) Amendment Rules 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nkey amendment bought by way of Customs Tariff (Identification, Assessment and\nCollection of Countervailing Duty on Subsidized Articles and for Determination\nof Injury) Amendment Rules 2021 are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rule_2_Clause_b\"><\/span>Rule 2 Clause (b)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As per the amended regulations, in the clause (b) in Rule 2, the word \u201cDomestic Industry\u201d will be inserted after the word thereof. The same will be interpreted as referring to the rest of the producers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rule_6_Sub_Rule_4\"><\/span>Rule 6 Sub Rule (4)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Based on the amended regulations, the term Collector of Customs will get substituted by the term Principal Commissioner of Customs or Commissioner of Customs.<\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/union-budget-2021\/\">Union Budget 2021: Key Highlights of the First Digital Budget<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rule_24_Sub_Rule_4\"><\/span>Rule 24 Sub Rule (4)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Based on the amended regulations, with effect from\n01.07.2021, a proviso to the said sub rule will come into effect. <\/p>\n\n\n\n<p>The said Proviso states that \u201cProvided that notwithstanding\nanything included in rule 19, such review will be completed at least 3 months\nbefore the expiry of the countervailing duty under review.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rule_24_Sub_Rule_5\"><\/span>Rule 24 Sub Rule (5)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As per the amended regulations, the provisions of\nthis sub rule will be substituted to a new one. The new provision states that\n\u201csubject to sub-rule (4), the provisions of rule 7, 8, 9, 10, 11, 12, 13, 18,\n19, 20, 21, and 22 will apply mutatis mutandis in case of review\u201d.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rule_26_Sub_Rule_4A\"><\/span>Rule 26 Sub Rule (4A)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Based on the amended regulations, after sub rule (4) of Rule 26, a new sub rule named (4A) will be inserted. The provision of Sub Rule (4A) states that \u201cThe <a href=\"https:\/\/en.wikipedia.org\/wiki\/Central_government\">Central Government<\/a> may, on the recommendation of the designated authority, resort to the provisional assessment of the imports of the article alleged to be circumventing a countervailing duty in force, and may ask a guarantee from the said importer, till the time a decision under sub rule (3) of rule 27 is taken by the Central Government.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rule_28_Sub_Rule_2\"><\/span>Rule 28 Sub Rule (2)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Based on the amended regulations, with effect from\n01.07.2021, a proviso to the said sub rule will come into effect. <\/p>\n\n\n\n<p>The said Proviso states that \u201cProvided that such a\nreview needs to be completed at least three months before the expiry of the\nduty under review.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In\na nutshell, the Central Board of Indirect Taxes and Customs by way of the\npowers conferred in the provisions of the Customs Tariff Act 1975, have amended\nthe provisions of the Customs Tariff (Identification, Assessment &amp;\nCollection of Countervailing Duty on Subsidized Articles &amp; for\nDetermination of Injury) Rules 1995, to increase the level of accountability and\ntransparency in the market.<\/p>\n\n\n\n<p>Lastly, in case of any query or dilemma, reach out\nto <strong><a href=\"https:\/\/swaritadvisors.com\/\" class=\"text-primary\">Swarit\nAdvisors<\/a><\/strong>, our expert, proficient and skilled Chartered Accountants, Company\nSecretaries, and Lawyers are always there to offer you with the best advice and\nguidance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Copy_of_the_Official_CBIC_Notification\"><\/span>Copy of the Official CBIC Notification<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/02\/Customs-Notification.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">Customs-Notification<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/amendments-made-in-the-companies-act-2013-between-dec-2020-to-jan-2021\/\">Amendments Made in the Companies Act 2013 between Dec 2020 to Jan 2021\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Government by way of a Notification No. 11\/ 2021, dated 01.02.2021, had amended the provisions of Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules 1995. Further, the said amended rules will be known as Customs Tariff (Identification, Assessment and Collection of Countervailing Duty [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50],"tags":[339,340],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2001"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=2001"}],"version-history":[{"count":8,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2001\/revisions"}],"predecessor-version":[{"id":2011,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2001\/revisions\/2011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/2002"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=2001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=2001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=2001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}