Section 8B of CTA, 1975 : Section 8B: Power Of Central Government To Apply Safefuard Measures
CTA, 1975
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Explanation using Example
Imagine a scenario where India experiences a surge in imports of solar panels, causing distress to local manufacturers who are unable to compete with the low prices of the imported panels. In response, the government initiates an investigation and finds that the surge in imports is indeed causing serious injury to the domestic solar panel industry.
Under Section 8B of The Customs Tariff Act, 1975, the government decides to impose a safeguard duty on impo...
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