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Countervailing duties (CVDs), also known as anti-subsidy duties, are trade import duties imposed under World Trade Organization (WTO). [1] They are applied following an investigation that determines a foreign country's subsidies on exports have harmed domestic producers in the importing country.
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Under this scheme, exporters are granted transferable duty credits that can be used to pay various duties, including basic customs duty, countervailing duty, and special additional duty. [6] These credits can be utilized for both the payment of customs duties on imported goods and the payment of excise duty on domestic procurements. [7]
The first category includes methods to directly import restrictions for protection of certain sectors of national industries: licensing and allocation of import quotas, antidumping and countervailing duties, import deposits, so-called voluntary export restraints, countervailing duties, the system of minimum import prices, etc.
Final Countervailing Duty Determination with respect to certain Softwood Lumber from Canada: Canada 264: United States: Final Dumping Determination on Softwood Lumber from Canada: Canada 267: United States: Subsidies on Upland Cotton: Brazil 312: South Korea: Anti-Dumping Duties on Imports of Certain Paper from Indonesia: Indonesia 344: United ...
The Customs & Central Excise department was established in the year 1855 by the then British Governor General of India, to administer customs laws in India and collection of import duties/land revenue. It is one of the oldest government departments in India.
Main Chinese BEV producer BYD was struck with a 17.4% tariff, with Geely slapped with a 20% duty. The E.U. has also imposed its 38.1% tariff on autos firm SAIC. All three producers were sampled in ...
Grants in lieu of export duty on jute and jute products. A-274. Prior recommendation of President required to Bills affecting taxation in which States are interested. A-275. Grants from the Union to certain States. A-276. Taxes on professions, trades, callings and employments. A-277. Savings. A-278 - Omitted. A-279 - Calculation of “net ...