Bilateral safeguard measures under the India-Korea trade agreement may suspend tariff cuts or raise customs duty within prescribed limits. Bilateral safeguard measures may be applied on the Director General's recommendation to prevent or remedy serious injury and facilitate adjustment for an originating good covered by the final findings. The Central Government may amend the customs notification to suspend further tariff reduction or increase the customs duty, subject to the specified Most Favoured Nation ceiling. No bilateral safeguard measure may operate where a safeguard action under section 8B of the Customs Tariff Act is already in force, and any provisional measure must be withdrawn if the final findings do not recommend such action.
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 under the India-Korea trade agreement may suspend tariff cuts or raise customs duty within prescribed limits.
Bilateral safeguard measures may be applied on the Director General's recommendation to prevent or remedy serious injury and facilitate adjustment for an originating good covered by the final findings. The Central Government may amend the customs notification to suspend further tariff reduction or increase the customs duty, subject to the specified Most Favoured Nation ceiling. No bilateral safeguard measure may operate where a safeguard action under section 8B of the Customs Tariff Act is already in force, and any provisional measure must be withdrawn if the final findings do not recommend such action.
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