What is antidumping duty?
An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. In the long-term, anti-dumping duties can reduce the international competition of domestic companies producing similar goods.
What is meant by countervailing duties?
Countervailing Duties (CVDs) are tariffs levied on imported goods to offset subsidies made to producers of these goods in the exporting country.
What is antidumping and countervailing duties?
Antidumping and countervailing duties are intended to offset the value of dumping and/or subsidization, thereby leveling the playing field for domestic industries injured by such unfairly traded imports.
What is the name of the anti-dumping law?
The Agreement on Implementation of Article VI of GATT 1994, commonly known as the Anti-Dumping Agreement, provides further elaboration on the basic principles set forth in Article VI itself, to govern the investigation, determination, and application, of anti-dumping duties.
How long do antidumping duties last?
five years
Anti-dumping measures must expire five years after the date of imposition, unless an investigation shows that ending the measure would lead to injury.
How is antidumping duty calculated?
Anti-Dumping Duty = Normal Value – Export Value Now, let us understand what does “Normal Value” and “Export Value” mean.
What is additional countervailing duty?
Countervailing duty (CVD) is an additional import duty imposed on imported products (by the importing country) when such products enjoy benefits like export subsidies and tax concessions in the country of their origin (ie., where it is produced and exported).
What is the synonym of countervailing?
In this page you can discover 16 synonyms, antonyms, idiomatic expressions, and related words for countervail, like: balance, substitute, counteract, counterbalance, counterpoise, make up, neutralize, compensate, offset, set off and outweigh.
What is countervailing duty with example in India?
For example, export subsidies given by the Chinese government will make the Chinese products low priced in the Indian market. This will be a disadvantage for the competing Indian products. To overcome this situation, government of India can impose a countervailing duty on Chinese imports.
What is safeguard duty?
Safeguards are a type of safety-valve built in to the WTO to protect domestic producers temporarily while they adjust in order to become more competitive with foreign producers. …
What is protective duty?
Protective Duty It is a duty imposed to protect the interests of Indian Industry. It is imposed by Tariff Commission. Tariff Commission prescribes by notification. the rate of Protective Duty.
Who pays antidumping duty?
The antidumping duty law requires “importers of record” to pay the duty because these are the people who submit the paperwork to the U.S. Customs Bureau to import goods into the United States and are considered the responsible party.
Which countries have antidumping duties?
Brazil, Greece, Germany, South Korea and Spain are among the 18 countries hit with anti-dumping duties Friday as part of the probe. Explaining how the rates at which countries unfairly subsidize the value of their products into the U.S. marketplace varies, the release notes countries like Bahrain have consistently flooded the marketplace with
What does anti-dumping duty stand for?
An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process where a company exports a product at a price lower than the price it normally charges in its own home market.
What are anti dumping rules?
anti-dumping laws. Laws that prohibit the sale of goods in US markets at prices that are less than fair market price. The laws may impose tariffs on importers attempting to “dump” goods.
What does antidumping mean?
Definition of antidumping. : designed to discourage the importation and sale of foreign goods at prices well below domestic prices. antidumping tariffs.