- (i) the domestic industry has suffered serious injury as a result of duty concessions granted to Korean imports leading to increased imports of the subject goods from Korea at low prices;
- (ii) the domestic industry is faced with continued threat of serious injury from imports from Korea;
- (iii) that injury to the domestic industry has been caused by the increased imports and there is a causal link between increased imports of subject goods from Korea and serious injury and threat of serious injury to the domestic industry as a result of duty concessions granted to Korean imports;
- (iv) the factors present constitute critical circumstances and are affecting the overall performance of the domestic industry, justifying imposition of provisional bilateral safeguard measure, and has recommended imposition of the provisional bilateral safeguard measure of increasing the rate of customs duty on subject goods originating in Korea RP imported under the Comprehensive Economic Partnership Agreement between the Republic of India and the Republic of Korea (hereinafter referred to as the Trade Agreement), to the level of Most Favoured Nation duty on the subject goods as on the date of application of the bilateral safeguard measure or Most Favoured Nation duty on the subject goods on the day immediately preceding the date of entry into force of the Trade Agreement, whichever is less, for a period of 200 days.
(1) |
(2) |
(3) |
(4) |
“230. |
2917 33 to 2917 34 |
All goods |
0.00”; |
(1) |
(2) |
(3) |
(4) |
“230A. |
2917 35 00 |
All goods |
0.00 |
230B. |
2917 35 00 |
All goods |
7.50”; |
“Provided that, to give effect to the provisional bilateral safeguard measure, as recommended by the Director General of Trade Remedies,-
(a) nothing contained in serial number 230A and entries relating thereto in the said Table shall have effect up to and inclusive of the 21st day of January 2021, and
(b) the entries contained in serial number 230B in the said Table shall have effect up to and inclusive of the 21st day of January 2021;
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