Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Subsidy restriction: amendment narrows subsidy definition to benefits conferred on limited manufacturers or exporters under customs tariff law The amendment revises clause (c) of section 9(3) of the Customs Tariff Act to treat as a subsidy benefits conferred on a limited number of persons engaged ... Summary
Subsidy restriction: amendment narrows subsidy definition to benefits conferred on limited manufacturers or exporters under customs tariff law
The amendment revises clause (c) of section 9(3) of the Customs Tariff Act to treat as a subsidy benefits conferred on a limited number of persons engaged in the manufacture, production or export of articles, thereby making recipient exclusivity the operative criterion for subsidy characterization under the Customs Tariff framework.
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