Customs Tariff (Identification and Assessment of Safeguard Duty) Amendment Rules, 2021

Last updated: 01 February 2021

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Quick Summary

The Indian Government has introduced the Customs Tariff (Identification and Assessment of Safeguard Duty) Amendment Rules, 2021. These new rules, which came into effect on 2nd February 2021, amend the existing Customs Tariff (Identification and Assessment of Safeguard Duty) Rules of 1997. The primary change involves substituting the word "Duty" with "Measures" in sub-rule (1) of rule 1.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 12/2021-Customs (N.T.)

New Delhi, the 1st February, 2021

G.S.R. .… (E).- In exercise of the powers conferred by sub-section (10) of section 8B of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following rules to amend the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, namely:-

1. Short title and commencement. - (1) These rules may be called the Customs Tariff (Identification and Assessment of Safeguard Duty) Amendment Rules, 2021.

(2) They shall come into force on the 2nd February, 2021.

2. In the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 (hereinafter referred to as the said rules), in rule 1, in sub-rule (1), for the word “Duty”, the word “Measures” shall be substituted.

Please refer to the attached file for details

FAQ :

These are new rules introduced by the Indian Government to amend the existing Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997.

The amendment rules came into force on the 2nd of February, 2021.

The main change is the substitution of the word "Duty" with the word "Measures" in sub-rule (1) of rule 1 of the principal rules.

Rule 1, sub-rule (1) of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 has been amended.