Amendment in Safeguard Duty (Effective from the date when President of India gives assent to Finance Bill)

It has been proposed to levy Safeguard duty to 100% EOU or SEZ unit if the goods imported

  1. are cleared as such in DTA or;
  2. are used in manufacture of goods that are cleared in DTA.

This change will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931.

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