i want to know about anti dumping duty
shivam deval (student) (212 Points)
30 July 2010i want to know about anti dumping duty
CA Rahul Mittal
(na)
(253 Points)
Replied 30 July 2010
Anti dumping duty :-
If a product is exported to india at dumped prices then anti dumping duty is charged on such product to protect Indian Industries
Max amount of Anti dumping duty can be charged is amount of dumping.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 31 July 2010
mr. shivam please noted that:
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.
For more information go to the following path:-
https://commerce.nic.in/anti-dum.pdf
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