TMI BlogOmittedX X X X Extracts X X X X X X X X Extracts X X X X ..... he People's Republic of China, in such increased quantities so as to cause or threatening to cause market disruption to domestic industry and the safeguard duty should continue to be imposed, it may extend the period of such imposition for a period not beyond the period of ten years from the date on which the safeguard duty was first imposed." 3. Omitted vide THE FINANCE ACT, 2016 w.e.f. May ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion, when imported from the People's Republic of China into India, from payment of the whole or part of the safeguard duty leviable thereon. (2) The Central Government may, pending the determination under sub-section (1), impose a provisional safeguard duty under this sub-section on the basis of a preliminary determination that increased imports have caused or threatened to cause market disr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in a special economic zone. Explanation. - For the purposes of this section, the expressions "hundred per cent. export-oriented undertaking", "free trade zone" and "special economic zone" shall have the meanings respectively assigned to them in Explanation 2 to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944). (4) The duty chargeable under t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... od not beyond the period of ten years from the date on which the safeguard duty was first imposed.] 1[(5A) The provisions of the Customs Act, 1962 (52 of 1962) and the rules and regulations made thereunder, including those relating to the date for determination of rate of duty, assessment, non-levy, short levy, refunds, interest, appeals, offences and penalties shall, as far as may be, apply to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f a like article or a directly competitive article in India constitutes a major share of the total production of the said article in India; (b) "market disruption" shall be caused whenever imports of a like article or a directly competitive article produced by the domestic industry, increase rapidly, either absolutely or relatively, so as to be a significant cause of material injury, o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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