Power of Central Government to impose quantitative restrictions

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..... imported into India in such increased quantities and under such conditions as to cause or threaten to cause serious injury to domestic industry, it may, by notification in the Official Gazette, impose such quantitative restrictions on the import of such goods as it may deem fit: Provided that no such quantitative restrictions shall be imposed on any goods originating from a developing country .....

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..... djustments , it may extend the said period beyond four years: Provided further that in no case the quantitative restriction shall continue to be imposed the beyond a period of ten years from the date on which such restriction were first imposed. (3) The Central Government may, by rules provide for the manner in which goods, the import of which shall be subject to quantitative restriction .....

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..... y; (d) threat of serious injury means a clear and imminent danger of serious injury. ] ------------------------------------ Notes:- 1. Inserted vide Notification S.O. 2099(E), Dated 19/08/2010 , - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - .....

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