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of <h1>India Amends Customs Notification to Set Import Price Thresholds for Safeguard Duty Exemption Under Customs Tariff Act, 1975.</h1> The Government of India has amended Notification No. 1/2016-Customs(SG) to specify import prices on a CIF basis, at or above which safeguard duty will not be applicable on certain goods. The amendment lists various tariff items and their corresponding import prices in US dollars per metric ton. The safeguard duty exemption applies when the import price meets or exceeds these specified amounts. This change is enacted under the Customs Tariff Act, 1975, and aims to regulate the imposition of safeguard duties on imports into India.
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