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of <h1>Amendment to Customs Tariff Rules Redefines Non-Market Economy Status for Anti-Dumping Duties under New Criteria</h1> The Central Government has amended the Customs Tariff Rules, 1995, concerning anti-dumping duties. Effective upon publication, the amendment redefines 'non-market economy country' as one not operating on market principles, affecting fair merchandise value. A presumption exists that countries treated as non-market economies in anti-dumping investigations within the last three years are non-market economies. However, these countries or firms can challenge this presumption by providing evidence of market-based operations. The designated authority will assess criteria like market-driven pricing, cost structures, and legal stability to determine market economy status. The amendment allows for different principles if market conditions are proven.
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