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What Is The Difference Between Anti Dumping Duty And Normal Customs Duty? Is The Anti Dumping Duty Over And Above The Normal Customs Duty Chargeable On The Import Of An Item? |
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Answer» Although anti DUMPING duty is levied and collected by the Customs Authorities, it is entirely different from the Customs duties not only in concept and substance, but also in PURPOSE and operation. The following are the main DIFFERENCES between the two: - Conceptually, anti dumping and the like measures in their essence are linked to the notion of fair TRADE. The object of these duties is to guard against the situation arising out of unfair trade practices while customs duties. Although anti dumping duty is levied and collected by the Customs Authorities, it is entirely different from the Customs duties not only in concept and substance, but also in purpose and operation. The following are the main differences between the two: - Conceptually, anti dumping and the like measures in their essence are linked to the notion of fair trade. The object of these duties is to guard against the situation arising out of unfair trade practices while customs duties. |
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