Couter vailing duty

This query is : Resolved

CA Chandan Sharma (Querist)
Follow

01 September 2010 Can any one suggest me about the couter vailing duty and its implication to whom this duty is to be charged and

and other addditional information

CMA Chandan Singh

CMA Chandan Singh (Expert)
Follow

01 September 2010 Countervailing duties (CVDs) are duties imposed under WTO Rules to neutralize the negative effects of subsidies. They are imposed after an investigation finds that a foreign country subsidizes its exports, injuring domestic producers in the importing country.According to World Trade Organization rules, a country can launch its own investigation and decide to charge extra duties, provided such additional duties are in accordance with the GATT Article VI and the GATT "Agreement on Subsidies and Countervailing Duties".

CA Chandan Sharma

CA Chandan Sharma (Querist)
Follow

03 September 2010 if we are the trader and we paid the CVD by importing goods and than when we sale these goods to wholseller or any other trader

can we transfer CVD to wholseller or any other trade

Upgrade to CAclubindia Pro. Subscribe Now!