What is Anti-Dumping Duty?
-
Anti-Dumping Duty is a trade levy imposed by any government on imported products which have prices less than their fair normal values in their domestic market.
-
Thus, it is protectionist tariff that seeks to stop dumping process where company exports a product at a price lower than price it normally charged in domestic market of importing countries’.
-
Anti-Dumping Duty is imposed under the multilateral World Trade Organisation (WTO) regime and varies from product to product and from country to country.
-
In India, anti-dumping duty is recommended by the Union Ministry of Commerce (i.e. by DGAD), while the Union Finance Ministry imposes it.