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What is Countervailing Duty

Countervailing Duty

About Countervailing Duty

What is Countervailing Duty

Countervailing duty (CVD) is a specific form of duty that the government imposes in order to protect domestic producers by countering the negative impact of import subsidies. CVD is thus an import tax by the importing country on imported products.
 
To make their products cheaper and boost their demand in other countries, foreign governments sometimes provide subsidy to their producers. To avoid flooding of the market in the importing country with these goods, the government of the importing country imposes countervailing duty, charging a specific amount on import of such goods.
 
The duty nullifies and eliminates the price advantage (low price) enjoyed
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