Imports from China - Govt Withdraws "Transitional Product Specific Safeguard Duty"Rules
AS per Section 8C(1) of the Customs Tariff Act, if the Central Government, after conducting such enquiry as it deems fit, is satisfied that any article is imported into India, from the People's Republic of China, in such increased quantities and under such conditions so as to cause or threatening to cause market disruption to domestic industry, then, it may, by notification in the Official Gazette, impose a safeguard duty on that article:
Section 8C(6) empowers the Government to make rules for this purpose and the Government had by Notification No. , dated the 11th June, 2002 issued the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules.
Now, the Government has rescinded the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules.
We recently reported an interesting decision in the matter of section 8C. Please see 2015-TIOL-2888-HC-MUM-CUS.
Notification No. , Dated: December 29, 2015