Which of the following statement is correct regarding Anti-Dumping Duties?a)If the exporting nation is found to offer export subsidies to their exports, then CVD (Countervailing duty) is imposed by the Importing Nation on imports.b)It is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.c)It is an additional import duty imposed on imported products (by the importing country) when such products enjoy benefits like export subsidies and tax concessions in the country of their origin.d)It is tariff barrier imposed by government on the commodities to ensure that imports in excessive quantities do not harm the domestic industry.Correct answer is option 'B'. Can you explain this answer?

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Which of the following statement is correct regarding Anti-Dumping Duties?

a)
If the exporting nation is found to offer export subsidies to their exports, then CVD (Countervailing duty) is imposed by the Importing Nation on imports.
b)
It is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
c)
It is an additional import duty imposed on imported products (by the importing country) when such products enjoy benefits like export subsidies and tax concessions in the country of their origin.
d)
It is tariff barrier imposed by government on the commodities to ensure that imports in excessive quantities do not harm the domestic industry.

Correct answer is option 'B'. Can you explain this answer?

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Which of the following statement is correct regarding Anti-Dumping Du...

Anti-Dumping Duties are special import duties imposed when a firm, following an enquiry, is assessed as having sold a product in the importing market-

At a price below the one it charges in the home market
Below the cost of production or at less than fair value
It damages the producers in the importing country.
Anti-dumping duties are assessed generally in an amount equal to the difference between the importing country's FOB price of the goods and (at the time of their importation) the market value of similar goods in the exporting country or other countries.
Anti-dumping duties are calculated at a company-specific level, where the actual duty amount makes up for the gap between foreign manufacturer pricing and fair market value.

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Which of the following statement is correct regarding Anti-Dumping Duties?a)If the exporting nation is found to offer export subsidies to their exports, then CVD (Countervailing duty) is imposed by the Importing Nation on imports.b)It is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.c)It is an additional import duty imposed on imported products (by the importing country) when such products enjoy benefits like export subsidies and tax concessions in the country of their origin.d)It is tariff barrier imposed by government on the commodities to ensure that imports in excessive quantities do not harm the domestic industry.Correct answer is option 'B'. Can you explain this answer?

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