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antidumping duty

Mitali Jain (127 Points)

24 February 2018

why antidumping duty is levied

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Nishant (Assistant) (1095 Points)
Replied 24 February 2018

To bring fair competition with domestic business it's levied on import.

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Medhaj Madhavan (Student) (108 Points)
Replied 24 February 2018

The whole logic behind anti dumping is to ensure that with such a tariff levy, the goods imported into India are at par with the Indian goods being manufactured and sold here. A very good example is of the duty in chinese imports. As @ Nishant rightly said it helps in ensuring a fair play.

Mitali Jain (127 Points)
Replied 24 February 2018

thank u

Sumit Sarswat (Student) (3154 Points)
Replied 24 February 2018

Dumping is a process where a company exports a product at a price lower than the price it normally charges on its own home market.
Antudumping duty is imposed to protect local businesses and markets, many countries impose stiff duties on products they believe are being dumped in their national market.