Published on: July 9, 2021

ANTI-DUMPING DUTY

ANTI-DUMPING DUTY

neurontin usa What is in news : Recently, the government has decided not to impose Anti-Dumping Duty (ADD) on imports of certain copper products, from China, Thailand, Korea and three other countries.

Schwarzenberg Details

  • What is Dumping – Dumping is said to occur when the goods are exported by a country to another country at a price lower than the price it normally charges in its own home market. This is an unfair trade practice which can have a distortive effect on international trade.
  • Anti-Dumping Duty – Imposition of Anti-dumping duty is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect, permitted by the World Trade Organisation.
  • What does WTO say-
    • Validity: An anti-dumping duty is valid for a period of five years from the date of imposition unless revoked earlier.
    • Sunset Review: It can be extended for a further period of five years through a sunset or expiry review investigation.
  • Who decides in India –

Directorate General of Trade Remedies

  • It is the apex national authority under the Ministry of Commerce and Industry for administering all trade remedial measures including anti-dumping, countervailing duties and safeguard measures.
  • It provides trade defence support to the domestic industry and exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries.