Terms Beginning With 'a'

Anti-Dumping Duty

  • January 29, 2020
  • Team Kalkine

Anti-dumping duty is an import tax imposed by the government on manufactured goods from foreign nations, which are usually priced below the fair market value of similar goods in the domestic market.

The government authorities impose anti-dumping duty on foreign imports when they believe an excess supply of the product is inflowing in the country’s market, posing an unfair competition to the local businesses.

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