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of <h1>India Amends Customs Rules: Key Changes Include Tariff-Rate Quotas, Safeguard Measures, and WTO Consultation Requirements.</h1> The Government of India has issued Notification No. 12/2021-Customs (N.T.) to amend the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997. The amendments, effective from February 2, 2021, replace the term 'duty' with 'measure' and introduce provisions for tariff-rate quotas and safeguard measures. The changes include defining provisional and safeguard measures, revising the determination of serious injury to domestic industries, and establishing guidelines for tariff-rate quotas. The notification also mandates WTO notification and consultation before imposing safeguard measures and outlines conditions for refunding duties if final measures are lower than provisional ones.
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