Safeguard measure duration is limited by purpose-based necessity and fixed sunset periods under the trade rules. The safeguard measure applied under rule 12 is limited to the period necessary to prevent or remedy serious injury and to facilitate positive adjustment. It ceases after two years from the date of imposition unless revoked earlier, subject to a possible one-year extension if the Central Government considers continued imposition necessary because the domestic industry has adjusted or is adjusting. A further sunset provision states that the safeguard measure ceases to have effect on the expiry of three years from the date of imposition unless revoked earlier.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Safeguard measure duration is limited by purpose-based necessity and fixed sunset periods under the trade rules.
The safeguard measure applied under rule 12 is limited to the period necessary to prevent or remedy serious injury and to facilitate positive adjustment. It ceases after two years from the date of imposition unless revoked earlier, subject to a possible one-year extension if the Central Government considers continued imposition necessary because the domestic industry has adjusted or is adjusting. A further sunset provision states that the safeguard measure ceases to have effect on the expiry of three years from the date of imposition unless revoked earlier.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
