The Directorate General of Trade Remedies (DGTR) has put up the draft anti-absorption rules in respect of anti-dumping duty (ADD) and anti-subsidy countervailing duty (CVD) and called for comments from all stakeholders by this Friday.
ADD is imposed to protect the domestic industry from cheaper imports due to dumping i.e. export at a price lower than the ‘normal value’ that usually is the price at which the goods are sold in the exporting country. CVD is imposed to protect the domestic industry from cheaper imports that are subsidized by the government in the exporting country.
Where ADD or
ADD is imposed to protect the domestic industry from cheaper imports due to dumping i.e. export at a price lower than the ‘normal value’ that usually is the price at which the goods are sold in the exporting country. CVD is imposed to protect the domestic industry from cheaper imports that are subsidized by the government in the exporting country.
Where ADD or
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