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Anti Dumping Duty

Customs - Import - Export - SEZ - By: - bhart b sharma - Dated:- 22-8-2015 - Goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. Anti dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect. Thus, the purpose of is to rectify the trade distortive effect of dumping and re-establish fair trade. The use of anti d .....

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o rectify the situation arising out of the dumping of goods and its trade distortive effect. Thus, the purpose of is to rectify the trade distortive effect of dumping and re-establish fair trade. The use of anti dumping measure as an instrument of fair competition is permitted by the WTO. In fact, anti dumping is an instrument for ensuring fair trade and is not a measure of protection per se for the domestic industry. It provides relief to the domestic industry against the injury caused by dumpi .....

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competition is permitted by the WTO. In fact, anti dumping is an instrument for ensuring fair trade and is not a measure of protection per se for the domestic industry. It provides relief to the domestic industry against the injury caused by dumping.It does not mean low prices. Dumping, in its legal sense, means export of goods by a country to another country at a price lower than its normal value. Thus, dumping implies low priced imports only in the relative sense (relative to the normal value) .....

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re as a means of raising revenue and for overall development of the economy. Customs duties fall in the realm of trade and fiscal policies of the Government while anti dumping and anti subsidy measures are there as trade remedial measures. The object of anti dumping and allied duties is to offset the injurious effect of international price discrimination while customs duties have implications for the government revenue and for overall development of the economy. Anti dumping duties are not neces .....

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owing the recommendation of the Designated Authority in the Commerce Ministry in its final findings in the sunset review investigations, The Finance Ministry has imposed definitive anti-dumping duty on Potassium Carbonate imports from Taiwan and South Korea. In its final findings, the Authority had concluded that Potassium Carbonate imports from Taiwan are entering in the Indian market at dumped prices. Furthermore, there was also likelihood of recurring of dumping and injury from South Korea, t .....

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r Determination of Injury) Rules, 1995 framed there under form the legal basis for anti-dumping and anti subsidy investigations and for the levy of anti-dumping and countervailing duties. These laws are in consonance with the WTO Agreements on Anti Dumping and Anti Subsidy countervailing measures. Terms often used in anti-Dumping:- Normal Value: Normal value is the comparable price at which the goods under complaint are sold, in the ordinary course of trade, in the domestic market of the exporti .....

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