On July 19, 2024, the Department of Revenue of the Ministry of Finance of India issued Circular No. 03/2024-Customs (CVD) stating that it accepted the final ruling recommendation of the first countervailing sunset review made by the Ministry of Commerce and Industry of India on April 22, 2024 on New Pneumatic Radial Tyres for buses and lorries originating in or imported from China, and decided to continue to impose countervailing duties on the products involved in the case in China for a period of 5 years. The tax rate is 17.57% CIF. The products involved were new pneumatic radial tires with or without rubber tubing and/or flaps (including tubeless tires) for passenger cars or vans, with or without rubber tubing and/or rubber flaps (including tubeless tires), and rim diameters greater than 16 inches. Countervailing duty will be levied on the products under the 40112010 of the India customs code and some products under the 40118000 (if the description of the imported products under the code matches the description of the products involved). Otherwise, no countervailing duty will be imposed). The measure shall enter into force from the date of publication of this circular in the Official Gazette. On March 27, 2018, India launched a countervailing duty investigation into pneumatic tires for trucks and buses originating in or imported from China. On March 25, 2019, the Ministry of Commerce and Industry of India issued an affirmative final ruling on the case, recommending the imposition of countervailing duties on the products involved in the case in China. On June 24, 2019, the Ministry of Finance of India issued Circular No. 1/2019-Customs (CVD), deciding to impose a 5-year countervailing duty on the products involved in the case in China, and in order to avoid double taxation, the countervailing duty payable is the difference between the CIF9.12%~17.57% countervailing duty and the anti-dumping duty payable (if any). Countervailing duty is exempt if it is lower than the anti-dumping duty payable. On December 29, 2023, the Ministry of Commerce and Industry of India announced that it had launched the first anti-subsidy sunset review investigation on pneumatic tires for trucks and buses originating in or imported from China in response to an application submitted by the India Automotive Tire Manufacturers Association on behalf of domestic manufacturers. It involves products under India customs code 40112010, 40131020 and 40129049 and some products under 40118000. The investigation period for the case subsidy is from April 1, 2022 to June 30, 2023, and the damage investigation period is from 2019 to 2020, 2020 to 2021, 2021 to 2022, and April 1, 2022 to June 30, 2023. On April 22, 2024, the Ministry of Commerce and Industry of India issued an affirmative final ruling on the case.
Source: China Trade Remedy Information Network
