Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

HISTORY OF ANTI-DUMPING LAWS

Customs - Import - Export - SEZ - By: - Mr. M. GOVINDARAJAN - Dated:- 6-5-2015 - It appears that the earliest stages of anti-dumping legislature emerged in United States in the late nineteenth century from the anti-trust movement and concerns about the unfair competition in fostering the growth of monopolies. The Sherman Anti-Trust Act, 1890 declared as illegal, any effort to combine or conspire to monopolize a particular market. But, Canada overtook the United States and enacted the first natio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

legislation which is known as Wilson Tariff, 1894. This made it unlawful for foreign producers to combine or conspire to monopolize the United States market. The US making cue of the Canadian law the Anti Dumping Act, 1916 was enacted. This Act made it illegal to sell imported goods at prices simultaneously lower than the market value in the exporting country with the intent to destroy or injure an industry in the United States or prevent the establishment of an industry in the United States or .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

visions of the Act were wrongly to be invoked to combat the import of steel from Japan. The US enacted another Anti-dumping Act in the year 1921 which was modeled on the Canadian law. This Act was a deviation from the 1916 anti dumping law. The 1916 Act targeted predatory dumping, while 1921 was conceived to be a protective measure for the domestic market. After the end of the II world war, preparatory conferences were held for the purpose of reaching a General Agreement on Trade and Tariff. Thi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Canadian Round Negotiations from 1963 to 1967, Anti dumping laws attracted attention. The negotiators dealt with three problems viz- Lack of inquiry test in the Canadian Law; The potential for abuse through weak tests of substantive anti-dumping concepts such as material injury, industry and causation; and The potential for abuse through administrative procedural delays, uncertainties and arbitrariness. The Anti-dumping Code was evolved in the year 1967 and the same was adopted in Europe with .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

uch as services, capital, intellectual property, textile and agriculture. Then came the updated version of GATT known as GATT 1994. It was by this agreement that the WTO was created with 75 existing members and the European communities becoming the founding members. India introduced liberalized economic policy in the year 1991. The Indian perspective and the fiscal scenario got completely changed. The Customs Tariff Act, 1975 was amended to insert Section 9A for the first time. The said Section .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version