The Concept of Anti-Dumping in India
By Team Legistify / 2016-06-29
As 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 are there as a means of raising revenue and for the overall development of the economy. The anti-dumping and allied duties are to offset the injurious effect of international price discrimination while customs duties have implications for the government revenue and for an overall development of the economy.

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Dumping is a process whereby a country exports its goods to other countries at a price below than the market value of the product in the exporting country.The market value of that particular product can be ascertained by the price value of the product prevailing in the domestic market or by comparing the substituted product.

Anti-dumping and the like measures in their essence are linked to the notion of fair trade. The object of any duties imposed with respect to Dumping; is to guard against the situation arising out of unfair trade practices while customs duties are there as a means of raising revenue and for an overall development of the economy. The anti-dumping and allied duties is to offset the injurious effect of international price discrimination while customs duties have implications for the government revenue and for an overall development of the economy.

Vested underlying factor behind reduced prices-

Excessive production of commodities; which needs to be sold in the markets willing to buy the same.

The practice of dumping extremely affects the economy of the country to which the goods are being exportedand also the competition prevailing in the domestic market of the importing country. This unfair trade practice has been primarily developed from the rapid industrialization and globalization, which led to the excessive production of commodities globally. This excessive production leads the nation to dump the products into another country, on a very large scale which drastically hampers the economy of the aforesaid state. The best corporate lawyers in India can help you with filing an anti-dumping complaint.

As 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 are there as a means of raising revenue and for the overall development of the economy. The anti-dumping and allied duties are to offset the injurious effect of international price discrimination while customs duties have implications for the government revenue and for an overall development of the economy.

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Get connected to the Best Lawyers and Chartered Accountants Near You!


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