Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 (From Rule 1 to Annexure 4)
Price undertaking can trigger suspension of anti-subsidy investigations if injurious effect is eliminated and monitoring ensured. Acceptance of an undertaking from an exporting government or exporters to withdraw or limit a subsidy, or to revise prices so as to eliminate injurious effect, allows the designated authority to suspend or terminate an anti-subsidy investigation provided a preliminary determination of subsidization and injury exists and exporter undertakings have the exporting country's consent. The authority must notify the Central Government, issue a public notice, monitor compliance through information and verification, and may recommend provisional measures and limited retroactive definitive duties on violation; undertakings are subject to periodic review.
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Provisions expressly mentioned in the judgment/order text.
Price undertaking can trigger suspension of anti-subsidy investigations if injurious effect is eliminated and monitoring ensured.
Acceptance of an undertaking from an exporting government or exporters to withdraw or limit a subsidy, or to revise prices so as to eliminate injurious effect, allows the designated authority to suspend or terminate an anti-subsidy investigation provided a preliminary determination of subsidization and injury exists and exporter undertakings have the exporting country's consent. The authority must notify the Central Government, issue a public notice, monitor compliance through information and verification, and may recommend provisional measures and limited retroactive definitive duties on violation; undertakings are subject to periodic review.
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