Section 74 | Transitioned Trade Remedies: Decisions By Secretary Of State | Finance Act 2022 C3

74 Transitioned trade remedies: decisions by Secretary of State

Finance Act 2022 (2022 c 3) | Legislation

Import duty

74 Transitioned trade remedies: decisions by Secretary of State

(1) Subsections (2) to (10) apply where a relevant review or reconsideration of a transitioned trade remedy has been initiated by the Trade Remedies Authority (“the TRA”) but has not been concluded.

(2) The Secretary of State may notify the TRA in writing that, in relation to the matters under review or reconsideration, the Secretary of State is to decide whether to—

(a) vary, maintain or revoke a tariff rate quota, anti-dumping amount or countervailing amount that is applicable to the goods to which the review or reconsideration relates, or

(b) replace a tariff rate quota that is applicable to the goods to which the review or reconsideration relates with an additional amount of import duty.

(3) Accordingly—

(a) functions of the TRA that would otherwise be exercisable in relation to the matters under review or reconsideration cease to be exercisable by the TRA (but this is subject to subsection (6)(d));

(b) the Secretary of State's decision need not be based on a recommendation or decision of the TRA in relation to the matters under review or reconsideration;