New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The safeguard measures applied under section 8B of the

    Customs Tariff Act shall, unless revoked earlier, cease to have effect __________
    A On the expiry of two years from the date of such application Correct Answer Incorrect Answer
    B On the expiry of four years from the date of such application Correct Answer Incorrect Answer
    C On the expiry of six years from the date of such application Correct Answer Incorrect Answer
    D On the expiry of ten years from the date of such application Correct Answer Incorrect Answer
    E On the expiry of eight years from the date of such application Correct Answer Incorrect Answer

    Solution

    Section 8B.   Power of Central Government to apply safeguard measures: (8) The safeguard measures applied under this section shall, unless revoked earlier, cease to have effect on the expiry of four years from the date of such application: Provided that if the Central Government is of the opinion that the domestic industry has taken measures to adjust to such injury or threat thereof and it is necessary that the safeguard measures should continue to be applied, it may extend the period of such application: Provided further that in no case the safeguard measures shall continue to be applied beyond a period of ten years from the date on which such measures were first applied.

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