Legal Framework for Trade remedial measures

16/12/2022 10:38 - 5 Views

Legal Framework for various trade remedial measures is as under:


Anti-dumping


-    Article VI of GATT 1994


-    Agreement on Anti-Dumping


-    Sections 9 Aand 9 B of the Customs Tariff Act, 1975 as amended in 1995


-    Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995


Countervailing Duty


-    Article VI of GATT 1994


-    Agreement on Subsidies and Countervailing Measures


-    Section 9 of Customs Tariff Act 1975 as amended in 1995


-    Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995


Safeguard measures


-    Article XIX of GATT


-    Agreement on Safeguards


-    Section 8B of Customs Tariff Act, 1975


-    Chapter IIIAof "The Foreign Trade (Development and Regulation) Act, 1992 


-    Customs Tariff (Identification and Assessment of Safeguard Duty) Rules 1997 


-    Safeguard Measures (Quantitative Restrictions) Rules, 2012


Note: These Acts and Rules are in consonance with the WTO Agreements on Anti- Dumping, Anti-Subsidy/Countervailing measures and Safeguard measures.

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