https://www.taxtmi.com/acts?id=39657 The amendment permits the Central Government, after inquiry, to modify countervailing duty where it concludes absorption has occurred and to specify an effective date not earlier than initiation of the inquiry; absorption includes a fall in export price without a corresponding change in Indian resale price or other rules-based circumstances. It excludes automatic application of notifications or duties to imports by 100% export-oriented undertakings and SEZ units unless expressly applied or where goods are cleared or used in the domestic tariff area, and limits duty terms to up to five years with temporary revocations capped at one year. en-us Tue, 30 Mar 2021 15:32:58 +0530 Tue, 30 Mar 2021 15:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39657 The amendment permits the Central Government, after inquiry, to modify countervailing duty where it concludes absorption has occurred and to specify an effective date not earlier than initiation of the inquiry; absorption includes a fall in export price without a corresponding change in Indian resale price or other rules-based circumstances. It excludes automatic application of notifications or duties to imports by 100% export-oriented undertakings and SEZ units unless expressly applied or where goods are cleared or used in the domestic tariff area, and limits duty terms to up to five years with temporary revocations capped at one year. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:32:58 +0530 https://www.taxtmi.com/acts?id=39657