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    <title>Seeks to amend notification No. 1/2016-Customs(SG) dated 29.03.2016 to prescribe import prices on CIF basis at or above which safeguard duty on subject goods will not be applicable</title>
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    <description>The amendment replaces paragraph 2 of Notification No.1/2016-Customs (SG) to provide that specified tariff items are not subject to safeguard duty when imported at or above the prescribed import price on a CIF basis, with units and currency identified per entry. The notification defines &quot;import price on CIF basis&quot; as the assessable value determined under section 14 of the Customs Act, linking the exemption to customs valuation.</description>
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