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AMENDMENTS IN THE CUSTOMS TARIFF ACT 1975

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Dated: 3-2-2020

Budget 2020-21 + FINANCE BILL, 2020

S. No.

Amendment

Clause of the Finance Bill, 2020

1.

Section 8B is being substituted with a new section to empower the Central Government to apply safeguard measures, in case any article is imported into India in such increased quantities and under such conditions so as to cause or threatening to cause serious injury to domestic industry. Safeguard measure shall include imposition of a Safeguard Duty or application of a Tariff Rate Quota or any other measure that the Central Government may consider appropriate as safeguard measure.

[114]

 

 


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Budget 2020-21 + FINANCE BILL, 2020

 

 
 
 
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