Specify all those conditions which are required to be satisfied for imposing countervailing duty on the subsidized articles as specified in section 9 of the Customs Tariff Act, 1962.

CS Professional · Advanced Tax Laws · PYQS · December 2020
Specify all those conditions which are required to be satisfied for imposing countervailing duty on the subsidized articles as specified in section 9 of the Customs Tariff Act, 1962.

Answer & Explanation:

The countervailing duty on subsidized articles as specified in section 9 of the Customs Tariff Act, 1962 is to be imposed, if the following conditions are satisfied. (a) Any country or territory, directly or indirectly, pays or bestows subsidy upon the manufacture or production or exportation of any article. Such subsidy includes subsidy on transportation of such article; (b) Such articles are imported into India; (c) Importation of such goods may/may not directly be from the country of manufacture/production; (d) The article, may be in the same condition as when exported from country of manufacture or production or may be changed in condition by manufacture, production or otherwise; (e) The subsidy provided by the exporting country relates to export performance; (f) The subsidy relates to the use of domestic goods over imported goods in the export article; or the subsidy has been conferred on a limited number of persons engaged in the manufacture, production or export of articles.

Topics: Customs Act

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