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[Cites 0, Cited by 0] [Section 9] [Entire Act]

Union of India - Subsection

Section 9(1) in India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017

(1)The Central Government, on the basis of the preliminary findings of the Director General, may -
(a)suspend further reduction of any rate of customs duty on the originating good provided for under the Trade Agreement; or
(b)increase the rate of customs duty on the originating good to a level not to exceed the lesser of:
(i)the Most Favoured Nation applied rate of customs duty on the originating good in effect on the day when the bilateral safeguard measure is taken; or
(ii)the Most Favoured Nation applied rate of customs duty on the originating good in effect on the day immediately preceding the date of entry into force of the Trade Agreement.