Section 8A of CTA, 1975 : Section 8A: Emergency Power Of Central Government To Increase Import Duties
CTA, 1975
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Explanation using Example
Imagine the government of India finds that the domestic industry producing solar panels is facing severe competition from imported solar panels, which are being sold at much lower prices in the Indian market. To protect the domestic industry, the government decides that it is essential to increase the import duty on solar panels to make them le...
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