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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(i)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)
Notification No. 58/2023-Customs
New Delhi, the $9^{\text{th}}$ October, 2023
G.S.R. .....(E).— Whereas, in the matter concerning imports of "Ferro Molybdenum" (hereinafter referred to as the subject goods) falling under tariff item 7202 70 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Directorate General of Trade Remedies (hereinafter referred to as the Authority) initiated an Bilateral Safeguard investigation in terms of the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017 (hereinafter referred to as the rules) vide initiation notification under F. No. 22/03/2022-DGTR, dated the $30^{\text{th}}$ September, 2022 published in the Gazette of India, Extraordinary, Part I, Section 1, dated the $30^{\text{th}}$ September, 2022 in order to determine whether the imports of the subject goods from Korea RP constitute increased imports and whether the increased imports have caused or are threatening to cause serious injury to the domestic industry;
And whereas, in the final findings of the Bilateral Safeguard investigation issued vide F. No. 22/03/2022-DGTR, dated the $29^{\text{th}}$ May, 2023, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the $29^{\text{th}}$ May, 2023, the Authority has concluded that-
and recommended imposition of bilateral safeguard measure of increasing the rate of customs duty on subject goods originating in Korea RP and imported into India as specified in the aforesaid final findings, in order to remove injury to the domestic industry.
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with rule 11 of the said rules, the Central Government, on being satisfied that it is necessary in the public interest so to do, after considering the aforesaid final findings of the designated authority, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.152/2009-Customs, dated the $31^{\text{st}}$ December, 2009, published in the Gazette of India, vide number G.S.R. 943 (E), dated the $31^{\text{st}}$ December, 2009, namely: -
In the said notification, -
(a) in the Table, after serial number 529 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely: -
| (1) | (2) | (3) | (4) |
|---|---|---|---|
| “529A | 7202 (except 720260, 720270) | All Goods | 0.00 |
| 529B | 720270 | Ferro Molybdenum | 5.00 |
| 529C | 720270 | Ferro Molybdenum | 3.75”; |
(b) after the second proviso below the Table, the following proviso shall be inserted, namely: -
"Provided also that, to give effect to the bilateral safeguard measure, as recommended by the Director General of Trade Remedies, -
unless revoked, superseded or amended earlier.".
[F. No. CBIC-190354/124/2023-TO(TRU-I)-CBEC]
(Vikram Wanere)
Under Secretary to the Government of India
Note: The principal notification No. 152/2009-Customs, dated the $31^{\text{st}}$ December, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 943 (E), dated the $31^{\text{st}}$ December, 2009 and was last amended vide notification No. 23/2022-Customs, dated the $30^{\text{th}}$ April, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 326(E), dated the $30^{\text{th}}$ April, 2022.
