(1) The designated authority may suspend or terminate an investigation, if -
(a) the government of the exporting country -
(i) furnishes an undertaking that it would withdraw the subsidy.
(ii) in case of specified countries, undertakes to limit the quantum of subsidy within reasonable limit, or to take other suitable measures to neutralise the effect of such subsidy, provided that the designated authority is satisfied that the injurious effect of the subsidy is eliminated. or
(b) in case of specified countries the exporters concerned agree to revise their prices so that injurious effect of subsidy is eliminated and the designated authority is satisfied that the injurious effect of the subsidy is eliminated: Provided that increase in price as a result of this clause is not higher than what is necessary to eliminate the amount of subsidy:.
Provided further that the designated authority shall complete the investigation and record its finding, if the Central Government so desires or the government of the exporting country so decides.
(2) (1) No undertaking as regards price increase under sub-rule (I) shall be accepted unless the designated authority had made preliminary determination of subsidization and the injury:
Provided that an undertaking from an exporter shall be accepted only when the designated authority has also obtained the consent of the exporting country.
(3) The designated authority, may also not accept undertakings offered by any country or any exporter, if it considers the acceptance of such undertaking as impracticable or as unacceptable for any other reason.
(4) The designated authority shall intimate the acceptance of an undertaking and suspension or termination of investigation to the Central Government and also issue a public notice in this regard. The public notice shall, contain inter-alia, the non-confidential part of the undertaking,
(5) In cases where an undertaking has been accepted by the designated authority the Central Government may not impose a duty under sub-section (2) of section 9 of the Act for such a period the undertaking acceptable to the designated authority remains valid.
(6) Where the designated authority has accepted any undertaking under sub- rule (I), it may require the government of the exporting country, or the exporter from whom such undertaking has been accepted to provide from time to time information relevant to the fulfillment of the undertaking and to permit verification of relevant data:
Provided that in case of any violation of any undertaking, the designated authority will intimate the Central Government and complete the investigation expeditiously.
(7) The designated authority shall suo motu or on the basis of any request received from exporters or importers of the article in question or any other interested person review from time to time the need for the continuance of any undertaking given earlier.