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of <h1>Section 9 of Customs Tariff Act: Countervailing Duty Protects Domestic Industries from Subsidized Imports, Reviewed Every Five Years.</h1> Section 9 of the Customs Tariff Act, 1975, empowers the Central Government to impose a countervailing duty on imported articles that benefit from subsidies in their country of origin. This duty aims to neutralize the subsidy effect and protect domestic industries. The section defines subsidies and outlines conditions under which duties may be imposed, extended, or modified, including instances of circumvention or absorption. It also specifies that duties do not apply to certain export-oriented units unless specified. The duty's duration is generally five years, with possible extensions, and it must be reviewed periodically. Notifications must be presented to Parliament.
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