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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
