What is anti dumping duty with example in India?
The government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports.
Who investigates into a case of anti-dumping in India?
Ans. While the Designated Authority (in the Department of Commerce) recommends the anti dumping duty, provisional or final, it is the Ministry of Finance, Dept. of Revenue which acts upon such recommendation within three months and imposes/levies such duty.
What is an anti-dumping case?
An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
Is GST applicable on anti-dumping duty?
Following the implementation of GST, the import of commodities will not be impacted by charges such as safeguard duty, education cess, basic customs duty, anti-dumping duty, etc. All these additional custom duties will be subsumed by GST.
What is anti-dumping law in India?
To ensure dumping activities do not affect the domestic market, the Indian government has imposed anti-dumping duties against an exporter who causes any material or substantial injury to a domestic industry in India. The anti-dumping law in India is the Customs Tariff Act, 1975, which was amended in 1995.
Who is liable to pay anti dumping duty?
3. In case of recommendation of anti-dumping duty after completion of the said review by the desig- nated authority, the importer shall be liable to pay the amount of such anti-dumping duty recommended on review and imposed on all imports into India of the subject goods from M/s.
Who heads GST Council in India?
finance minister Nirmala Sitharaman
GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister Nirmala Sitharaman, who is assisted by finance ministers of all the states of India.
What is the impact of China’s anti-dumping duties on India?
The domestic industry has suffered material injury due to the dumping, the DGTR has said. (Monica Almeida/The New York Times) India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country.
What is the anti-dumping investigation about?
Anti-dumping investigation concerning imports of Glass Fibre and articles thereof originating in or exported from Bahrain and Egypt. Anti-dumping investigation concerning imports of Semi-Finished Ophthalmic Lenses originating in or exported from China PR.
What is anti-dumping investigation about imports from Saudi Arabia?
Anti-dumping investigation concerning imports of “Monoethylene glycol (MEG)” from Saudi Arabia, Kuwait and USA. Saudi Arabia, Kuwait and USA. Anti-dumping investigation concerning imports of Glass Fibre and articles thereof originating in or exported from Bahrain and Egypt.
Which countries are subject to anti-dumping investigation for glass products?
Saudi Arabia, Kuwait and USA. Anti-dumping investigation concerning imports of Glass Fibre and articles thereof originating in or exported from Bahrain and Egypt. Anti-dumping investigation concerning imports of Semi-Finished Ophthalmic Lenses originating in or exported from China PR.