RELATING TO CVD
This query is : Resolved
01 August 2008
WHAT IS THE COUNTERVAILING DUTY & WHEN IT IS APPLIED?
WHAT IS THE COUNTERVAILING DUTY & WHEN IT IS APPLIED?
01 August 2008
REPLY AS SOON AS POSSIBLE
REPLY AS SOON AS POSSIBLE
02 August 2008
Countervailing Duty to offset any adverse effect of subsidies granted on any goods exported to India can be imposed under Section 9 of the Customs Tariff Act, 1975 read with the Customs Tariff (Identification, Assessment and Collection of Duty on Subsidised Article and for determination of injury) Rules, 1995 which have come into force w.e.f.1.1.95.
As in the case of Anti-dumping Rules, the Countervailing Duty Rules govern the operational mechanism of imposition of Countervailing Duty. The provisions under the Countervailing Duty Rules are similar to those contained in the Anti-dumping Rules.
In India an anti-dumping or countervailing duty investigation is generally initiated on a written application by or on behalf of the domestic industry. While a number of anti-dumping cases have been investigated over the last few years, no countervailing duty investigation has been initiated so far.
As in the case of Anti-dumping Rules, the Countervailing Duty Rules govern the operational mechanism of imposition of Countervailing Duty. The provisions under the Countervailing Duty Rules are similar to those contained in the Anti-dumping Rules.
In India an anti-dumping or countervailing duty investigation is generally initiated on a written application by or on behalf of the domestic industry. While a number of anti-dumping cases have been investigated over the last few years, no countervailing duty investigation has been initiated so far.
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