Eximkey - India Export Import Policy 2004 2013 Exim Policy

21.1
A countervailing duty shall remain in force only as long as and to the extent necessary to counteract subsidization, which is causing injury.
21.2
The authorities shall review the need for the continued imposition of the duty, where warranted on their own initiative or, provided that a reasonable period of time has elapsed since the imposition of the definitive countervailing duty, upon request by any interested party which submits positive information substantiating the need for a review. Interested parties shall have the right to request the authorities to examine whether the continued imposition of the duty is necessary to offset subsidization, whether the injury would be likely to continue or recur if the duty were removed or varied, or both. If, as a result of the review under this paragraph, the authorities determine that the countervailing duty is no longer warranted, it shall be terminated immediately.
21.3
Notwithstanding the provisions of paragraphs 1 and 2, any definitive countervailing shall be terminated on a date not later than five years from its imposition ( or from the date of the most recent review under paragraph 2 if that review has covered both subsidization and injury, or under this paragraph) unless, the authorities determine, in a review initiated before that date on their own initiative or upon a duly substantiated request made by or on behalf of the domestic industry within a reasonable period of time prior to that date, that the expiry of the duty would be likely to lead to continuation or recurrence of subsidization and injury. The duty may remain in force pending the outcome of such a review.
21.4
The provisions of Article 12 regarding evidence and procedure shall apply to any review carried out under this Article. Any such review shall be carried out expeditiously and shall normally be concluded within 12 months of the date of initiation of the review.
21.5
The provisions of this Article shall apply mutateis mutandis to undertakings accepted under Article 18.
Trade Intelligence
Search for latest information on item wise exports and imports, from all major Indian ports.

Username
Password