Refund of differential duty follows when final safeguard duty is lower than the provisional safeguard rate. If a final safeguard measure imposed after investigation fixes a duty rate lower than the rate collected under a provisional safeguard measure, the ... Summary
Refund of differential duty follows when final safeguard duty is lower than the provisional safeguard rate.
If a final safeguard measure imposed after investigation fixes a duty rate lower than the rate collected under a provisional safeguard measure, the differential duty collected from the importer must be refunded. The rule operates as a refund mechanism under the India-ASEAN Trade in Goods Agreement (Safeguard Measures) Rules, 2016 and applies only to the excess duty arising from the higher provisional rate.
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