Anti-Dumping & Safeguard Duty in India

M.S. Pothal & Associates are a team of chartered Accountant and lawyers who have accumulated vast experience and knowledge in the area of Anti- Dumping, Safeguard Duty, and Allied Duty which are of concern to WTO-related International Trade disputes. Dumping is a process where a company exports a product at a price lower than the price it normally charges on its own home market. During this time, the Anti-dumping duty stand as a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Anti-Dumping & Safeguard Duty stands in defence for the domestic manufacturers essentially seek to remedy the same problem which is low priced imports.

Safeguard duty is imposed on the product by the domestic government to ensure that imports in excessive quantities do not cause injury to the domestic industry. Safeguard duty is imposed as a temporary measure with regards to the domestic Industry which is harmed or has potential danger of damage due to a sudden surge in imports. Recently, the government has imposed safeguard duty in India on the import of certain steel products to protect domestic manufacturers.

Countervailing duties in India try to neutralise falsely low costs that are an aftereffect of subsidies. Governments frequently offer a wide range of subsidies on fares as tax cuts and credits. Due to these subsidies, exporters can offer lower costs than domestic makers in the importing country. Countervailing duties even the odds and discredit the preferred standpoint that exporters get from subsidies.

Are you facing a problem with regards to import and export and its prevailing duties under the WTO? If so then M.S. Postal has a team of an experienced lawyer and chartered account who are well versed and will offer you legal assistance.