Your Total Savings ₹50000 What is a sunset clause?
A sunset clause is a provision that sets an expiration date for a law unless it is extended by further legislative action.
What is the sunset clause in trade law?
In trade law, a sunset clause stipulates that certain trade measures, like anti-dumping duties, will automatically expire after a specific period unless reviewed and extended.
What is the sunset clause in patents?
In patents, a sunset clause may define the duration for which patent protection is granted before it expires. It encourages innovation while eventually allowing public access.
What is an example of a sunset clause?
An example of a sunset clause is a tax incentive program that expires after 5 years unless renewed by the legislature.
What is the sunset clause in India?
In India, a sunset clause has been used in various laws, such as the Goods and Services Tax (GST) compensation to states. This has an expiration term that requires periodic review.
What is the principle of the sunset clause?
The principle of the sunset clause is to ensure periodic review and reassessment of laws. This ensures their continued relevance and effectiveness.
What is the duration of the sunset clause?
The duration of a sunset clause varies; it can range from a few years to several decades, depending on the specific law or policy.