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Anti Dumping Duty and Safe Guard Duty : CMA Inter June 2021

CMA Inter Indirect Taxation Video Lectures Today's lecture is about  sorts of  Customs Duties - Anti Dumping Duty and Safeguard Duty in accordance with Indirect Tax Custom Law of  tax  - CMA Inter What is Anti Dumping Duty? If  a corporation  exports a product at a price  less than  the worth  it normally charges on its  house  market,  that's  called “dumping”  the merchandise .  anti-dumping duty   is a  trade levy imposed by any government on imported products that have prices  but  their fair normal values in their domestic market. As per section 9A of the Customs Tariff Act,  it's  imposed on imports of  a specific  country.  it's  country-specific What is Safeguard Duty? Safeguard duty is duty payable on import  of products  which is already being manufactured in India but  the value  of which is high compared to import price. Safeguard duty  is a  temporary relief provided when imports of a product increase unexpectedly to  some extent  where they threaten dome