Customs rules amended for new exporters' subsidy review. Provisional assessment, guarantees allowed. Retrospective duty possible.

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....Budget 2024 - Notification seeks to amend Customs Tariff (Identification, Assessment and Collection Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 to introduce New Shippers Review. It inserts Rule 23A allowing designated authority to periodically determine individual subsidy margins for exporters/producers not originally investigated, provided they are unrelated to those subject to countervailing duties. Central Government shall not levy duties during review period but may resort to provisional assessment and seek guarantees. Determined subsidy may lead to retrospective duty from review initiation date. Duties for cooperative un-sampled exporters/producers may extend to new exporters/producers.....