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of <h1>Understanding Key Definitions in India-ASEAN Trade Safeguard Measures Under Customs Tariff Act, 1975</h1> The India-ASEAN Trade in Goods Agreement (Safeguard Measures) Rules, 2016, outlines definitions crucial for understanding safeguard measures under the Customs Tariff Act, 1975. Key terms include 'critical circumstances,' which refer to situations where increased imports threaten domestic industry, necessitating urgent safeguard measures. 'Domestic industry' encompasses producers of like or competitive goods in India, while 'increased imports' involve goods from ASEAN member states. 'Interested parties' include exporters, producers, and governments of ASEAN states, as well as Indian producers. The definitions also cover 'serious injury,' 'threat of serious injury,' and the 'Trade Agreement' between India and ASEAN.
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