Power to alter rates of protective duty and to extend the duration of the protection and the continuance of certain protective duties
3. (1) If, after such enquiry as it thinks necessary the Government is satisfied that the duty imposed on any goods under sub-section (1) of section 2 (altered, where necessary, in the manner hereinafter provided) has become unnecessary or excessive or that it is too low to provide adequate protection to the industry concerned in Bangladesh, it may, by notification in the official Gazette, reduce or raise the duty to such extent and for such period (which may be extended from time to time but by not more than three years at any one time) as it thinks fit.
(2) On the expiration of the period specified in any notification issued under sub-section (1) of section 2 or sub-section (1) of this section, whichever is the later, there shall be levied and collected on the goods referred to therein customs duty at the rates for the time being in force under the [Customs Act, 1969
], and the provisions of the said Act and any other law for the time being in force relating to the levy and collection of the duty of customs shall apply accordingly.
(3) [Omitted by section 6 of the Finance Act, 1980
(Act No. XXIII of 1980).]
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