It is given in Custom Tariff Act that anti-dumping duty can be imposed only for 5 years only, but it can be extended for a further period of 5 years. If any review is conducted before the expiry of initial period of 5 years and it is not completed by the end of period of 5 years, then the duty can be further extended for 1 year untill review is completed. If on completion of review the government is of opinion that levy of anti-dumping duty must be extended then it will be extended for further 5 years.
My query is that anti-dumping duty will be levied for 11 years or 10 years?
23 January 2013
Dumping is said to occur when the 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 anti dumping duty 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 dumping.
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