ANTI-DUMPING DUTY

About:

• Anti-Dumping Duty: These are additional import duties which are imposed to check dumping. Dumping refers to export/sale of a commodity in foreign country by a company at a price which is lower than domestic market price. As per WTO Norms, Member countries can impose Anti-Dumping duty if:
  • Exporter is dumping goods &
    
    
  • It is adversely affecting domestic industries.
    
    
  
  
  
• Counter-veiling duty: It is an additional import duty which is imposed to counter or offset the impact of Indirect tax differential or subsidy provided by the exporting country’s government.