Consider the following statements about the Directorate General of Trade Remedies (DGTR): 1. It functions under the Ministry of Finance. 2. The recommendation of DGTR for imposition of anti-dumping, countervailing and safeguard duties would be considered by the Department of Revenue. Which of the statements given above is/are correct?

• The Directorate General of Trade Remedies (DGTR) is the apex national authority for administering all trade remedial measures including anti-dumping, countervailing duties and safeguard measures.

• It comes under the Ministry of Commerce and Industry.

• The recommendation of DGTR for imposition of anti-dumping, countervailing and safeguard duties would be considered by the Department of Revenue.

• Presently, the trade defence mechanism in India lacks optimality and takes more than a year to complete proceedings in cases pertaining to unfair trade practices.

Currently, the Directorate General of Anti-dumping and Allied Duties (DGAD) deals with anti-dumping and countervailing duty (CVD) cases, the Directorate General of Safeguards (DGS) deals with safeguard measures and DGFT deals with quantitative restriction (QR) safeguards. The DGTR will bring DGAD, DGS and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity.