Lovestatin – Final Findings

Ntfn 09 WHEREAS in the matter of import
22.10.99 of Lovastatin falling under Chapter
29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from the Peoples Republic of China, the Designated Authority vide its preliminary findings, published in the Gazette of India Extraordinary dated the 23rd September, 1998

AND WHEREAS the Designated Authority vide its final findings, published in the Gazette of India Extraordinary, Part 1, Section 1, dated the 18th December, 1998 has concluded that-

(a) Lovastatin originating in, or exported from, the Peoples Republic of China, had been exported to India below normal value, resulting in dumping;

(b) Domestic industry has suffered material injury;

(c) the injury has been caused to the domestic industry by dumping of the subject goods originating in or exported from China PR;

an anti-dumping duty at the rate which is equivalent to the difference between Rs. 191869 (Rupees one lakh ninety one thousand eight hundred and sixty nine only) per Kg and the landed value of Lovastatin per Kg.

2. The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of provisional duty i.e. 24th November, 1998.