Page 89 - Quick Insights Book 2022
P. 89
Chap. 24 – Other Laws
B. Anti-Subsidy Duties Appearance Before Appellate Tribunal
Analyzing the counter availability of a foreign In terms of the provisions of Section 53S, a person preferring
Government’s subsidising exports an appeal to the Appellate Tribunal may either appear in person
or authorize one or more chartered accountants or company
Examining the legal and economic aspects of various secretaries or cost accountants or legal practitioners or any
subsidy programmes which are actionable under the of its officers to present his or its case before the Appellate
W.T.O agreements on subsidies.
Tribunal.
Preparing comprehensive financial and substantive
representations for the defence and/or initiation of a case The Central Government or a State Government or a local
authority or any enterprise preferring an appeal to the Appellate
Tribunal may authorize one or more chartered accountants or
C. Safeguard Duties
company secretaries or cost accountants or legal practitioners
Safeguard duties are temporary measures in defence of or any of its officers to act as presenting officers and every
the domestic industry which is injured or has potential person so authorized may present the case with respect to any
threat of injury due to sudden surge in imports. appeal before the Appellate Tribunal.
To formulate a complete strategy, carry out market The Commission may authorize one or more chartered
research and prepare a comprehensive report for accountants or company secretaries or cost accountants or
initiation and/or defence of a Safeguard Duty case. legal practitioners or any of its officers to act as presenting
officers and every person so authorized may present the case
4. DISPUTE SETTLEMENT PROCEEDINGS with respect to any appeal before the Appellate Tribunal.
Assessing WTO consistency of trade barriers Opportunities Arising in Industry to Ensure
Preparation of arguments and evidence for WTO dispute adherence to Competition Law/Policy
settlement proceedings
Chartered Accountants may:
Advice and strategies for multilateral and bilateral trade Provide advisory and consultancy Services to the
negotiations
enterprises
Providing expert analysis and opinions
Draft anti-competitive agreements
Providing realistic assessments on whether measures Compliance of competition law audit
can be challenged in the WTO.
Work as Expert for Commission under Section 17
Preparing and presenting evidence before anti-dumping
administrations or in WTO disputes. 6. CONSUMER PROTECTION ACT, 1986
5. COMPETITION ACT, 2002 The Consumer Protection Act, 1986, was enacted to provide
for better protection of the interests of consumers and for that
Services that may be rendered by the professionals in the field purpose to make provision for the establishment of consumer
of Competition law are categorized into those arising under councils and other authorities for the settlement of consumers’
Section 35 & 53S of Indian Competition Act, 2002 and those disputes and for matters connected therewith.
arising in the industry to ensure adherence to competition law/
policy. The Act applies to all goods and services, excluding goods
for resale or for commercial purpose and services rendered
Appearance before Commission free of charge and under a contract for personal service. The
provisions of the Act are compensatory in nature.
In terms of the provision of Section 35, a complainant or
defendant or the Director General may either appear in person It covers public, private, joint and cooperative sectors. The Act
or authorise one or more Chartered Accountants or company enshrines the rights of the consumer such as right to safety,
secretaries or cost accountants or legal practitioners or any right to be informed, right to be heard, and right to choose, right
of his or its officers to present his or its case before the to seek redressal and right to consumer education.
Commission.
Professional Opportunities under The Consumer Protection
76 Quick Insights on Professional Opportunities for Chartered Accountants
