TMI BlogOmittedX X X X Extracts X X X X X X X X Extracts X X X X ..... d duty was first imposed. 3. Omitted vide THE FINANCE ACT, 2016 w.e.f. May 14, 2016, before it was read as, Power of Central Government to impose transitional product specific safeguard duty on imports from the People's Republic of China. SECTION 8C. - (1) Notwithstanding anything contained in section 8B, if the Central Government, after conducting such enquiry as it deems fit, is satisfied that any article is imported into India, from the People's Republic of China, in such increased quantities and under such conditions so as to cause or threatening to cause market disruption to domestic industry, then, it may, by notification in the Official Gazette, impose a safeguard duty on that article : Provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iented undertaking , free trade zone and special economic zone shall have the meanings respectively assigned to them in Explanation 2 to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944). (4) The duty chargeable under this section shall be in addition to any other duty imposed under this Act or under any other law for the time being in force. (5) The duty imposed under this section shall, unless revoked earlier, cease to have effect on the expiry of four years from the date of such imposition : 2 [Provided that if the Central Government is of the opinion that such article continues to be imported into India from the People's Republic of China so as to cause or threatening to cause market disruption ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (ii) whose collective output of a like article or a directly competitive article in India constitutes a major share of the total production of the said article in India; (b) market disruption shall be caused whenever imports of a like article or a directly competitive article produced by the domestic industry, increase rapidly, either absolutely or relatively, so as to be a significant cause of material injury, or threat of material injury, to the domestic industry; (c) threat of market disruption means a clear and imminent danger of market disruption. (8) Every notification issued under this section shall, as soon as may be after it is issued, be laid before each House of Parliament. - - statute, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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