Safeguard Duty Measure Imposed to Cause No Injury on Domestic Industry

In this planet every country is dependent on another because no country is sufficiently enough of commodities and products. Thus, importing and exporting of goods & services are a mutual exchange between countries. Most of the commodities and essential products are imported and exported from one country to another. When export and import takes place between countries it is sure in case of import that commodities may increase which will definitely affect the domestic industry. So when a situation arises government imposes safeguard duty as a temporary measure to keep a balance of the products imported from other country considering that the domestic industry is not injured due to rise in the imports of that particular products.

Countervailing Duties in India are trade import duties forced under World Trade Organization standards to kill the negative impacts of subsidies. According to the standards of WTO, a nation can dispatch its own investigation and choose to charge additional duties. In reality as we know it where levy and non-tax hindrances are diminishing quickly, unfair trade practices like dumping, sudden surges in exports keep on occurring frequently. To defend different measures, for example, anti-dumping, sudden surge are progressively getting to be distinctly significant tools in the hands of part countries to secure their domestic producers against unfair trade practices. Anti-dumping allied investigations are called upon for strict scrutiny of information provided by various stakeholders such as exporters, domestic producers, and importers.

M.S.Pothal & Associates is an anti-dumping duty consultant by a group of experienced lawyers and chartered Accountant. The firm consist of experienced mind who have worked and have undertaken various activities in the national and international platform in different capacity offering their clients with legal assistance.