Section 129 - Insertion of new section 8C

Transitional safeguard duty on imports from China can be imposed to prevent or remedy market disruption to domestic industry.

Central Government may impose a transitional product-specific safeguard duty on imports from the People's Republic of China where increased imports cause or threaten market disruption to domestic industry, with authority to exempt specified quantities. A provisional safeguard duty may be imposed pending final determination, refundable if final findings negate disruption and limited in duration, while exemptions for export-oriented, free trade zone, and special economic zone units apply unless expressly excluded. Duty is additional to other levies, expires after four years unless extended up to ten, and rulemaking power is provided for identification, determination, assessment, and collection; notifications must be laid before Parliament.