Bilateral safeguard measures regulate customs duty changes on originating goods to prevent serious injury under the trade agreement. Bilateral safeguard measures under the India-Malaysia Comprehensive Economic Cooperation Agreement may be applied by the Central Government, on receipt of the Director General's recommendation, to prevent or remedy serious injury and facilitate adjustment in respect of an originating good covered by final findings. The Government may suspend further tariff reductions or increase customs duty on the originating good, subject to the prescribed ceiling linked to the applicable most favoured nation rate. Existing safeguard actions under the Customs Tariff Act bar such measures, and duty reverts on termination.
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.
Bilateral safeguard measures regulate customs duty changes on originating goods to prevent serious injury under the trade agreement.
Bilateral safeguard measures under the India-Malaysia Comprehensive Economic Cooperation Agreement may be applied by the Central Government, on receipt of the Director General's recommendation, to prevent or remedy serious injury and facilitate adjustment in respect of an originating good covered by final findings. The Government may suspend further tariff reductions or increase customs duty on the originating good, subject to the prescribed ceiling linked to the applicable most favoured nation rate. Existing safeguard actions under the Customs Tariff Act bar such measures, and duty reverts on termination.
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