Q. What is anti-dumping duty?
Ans: Anti-dumping duty is aprotectionist levy imposed by a country on imports from other countries thatthe government believes are priced below fair market value. This duty primarily protects local industries from the negative effects of international exporters' unjustified price reductions.
Only when and if it poses a major danger to domestic businesses may it beimposed.
As a result, it must be implemented with extreme caution.
It might range between 0% and 550 percent of the invoiced value of theproducts.
Q. Difference between dumping and anti-dumpingduties?
Ans: An anti-dumping duty is aprotectionist levy imposed by a domestic government on foreign goods that itdeems are underpriced.
Dumping is the practice of a corporation exporting a product at a lower pricethan it would ordinarily charge in its native market.
Q. What is anti-dumping agreement?
Ans: The Anti-Dumping Agreement specifies how Article VI of the General Agreement on Tariffs and Trade (1994)will be implemented.
This application lays out all of the rules andregulations in detail.
They lay the groundwork for WTO member countries torespond to the danger of/damage caused by dumping of goods by a foreign membernation.
There are rules in place that allow member countriesto take action against dumping in order to safeguard their own industry.
The U.S. International Trade Commission and theDepartment of Commerce, for example, are entrusted with conductinginvestigations in the United States.
Q. When do anti-dumping duties have to be paid?
Ans: When an internationalcorporation sells a product for less than it costs to make, you must payanti-dumping duties.
To compensate for the damage of their unfair tradepractises, the exporting/foreign corporation will pay a certain amount to customs.
Q. What are Anti-dumping duties in India?
Ans: Anti-dumping measures arehandled in India by the Directorate General of Anti-dumping and Allied Duties(DGAD), which is part of the Ministry of Commerce and Industry's Department of Commerce and is led by the "Designated Authority." However, the Designated Authority's role is limited to conducting anti-dumping investigations and recommending anti-dumping or anti-subsidy measures to the government. A Ministry of Finance Notification is used to impose/levy such a duty. As a result, while the Department of Commerce recommends an anti-dumping duty, the Ministry of Finance is the one who imposes it.
Q. What are Anti-dumping services?
Ans: Exporting, licensing, countertrading, joint ventures, and other techniques are being used by Indiancompanies to increase their international operations. on one can overcome the challenge and address the issues caused by dumpling if focused on technological advancements in manufacturing, high-quality products, and price competitiveness.
Q. Which are Anti-dumping duties consulting firm?
Ans: Anti-dumping duty consultingbusinesses are a group of Chartered Accountants and Lawyers who specialize inAnti-dumping and Allied Duties, Safeguard Duty, and other related issues. Consultants from ASC Group help the consultants Identification of products, Preparation of application,organizing, and collating the data, Assisting exporters and importers in comprehensive matters, etc.
