12/09/2015

MeaningofCVD,CountervailingDutyunderimportdutycalculation

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MeaningofCVD,CountervailingDutyunderimportdutycalculation
Friday,August21,2015Category:Import

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CountervailingDutyCVD

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In this article let us discuss about CVD, the importance of imposing CVD for import, and the mechanism of

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CVD
What is CVD?

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CVD means Countervailing Duties. Countervailing Duty

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CVD is charged under import of specific goods listed by

government of importing country as per their Foreign
Trade Policy. CVD Countervailing Duty is imposed to
balance the price of the same product of domestic

producers and the price of foreign producers based on

the export subsidy they avail from their exporting
country. If CVD is not imposed on such products, the
said products seriously makes adverse impact in
importing country thereby minimize the economic growth. So the main reason for charging CVD is to balance
the market price of importing country to protect domestic manufacturers from the subsidies extended to the
export subsidy to same product at exporting country. In other words, the countervailing duty CVD is charged
in an importing country to counter the negative impact of import subsidies to safeguard domestic
manufacturers. When imposing CVD to such products, the price of such imported products is being equally
competitive.

World Trade Organization WTO clearly specifies and explains their member countries, about the methods
and process for imposing CVD and the circumstances to impose countervailing duty CVD by importing
country.
A brief description about the subject is explained here. You may contact concerned government agency for
latest update.
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MeaningofCVD,CountervailingDutyunderimportdutycalculation

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I hope, you got basic information about Countervailing Duty CVD on imports, the objectives of imposing
CVD and impact of imposing CVD on domestic market.

Express your views about Countervailing Duty (CVD)

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Comments

HIteshMaheshwariSays:
Monday,February16,2015
SirihavestartedmynewpartnershipfirmwithnameRadhaKrishnaExports.ihavealreadyopenedmycurrenttradeaccountand
obtainedmyIECalso.mywebsiteisunderconstruction.shallbedevelopedwithin2weeks.Siriamunabletofindagoodexport
Agent/consultantwhocanguidemewithmyexportproductandinmydocumentproccesingagainsthisconsultationcharges.

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12/09/2015

MeaningofCVD,CountervailingDutyunderimportdutycalculation

MR.WAJIDKHANSays:
Saturday,August01,2015
Sir,IamworkinginaPrivateLtdCo.TheirisatransactionofPurchase(Import)sirpleasesuggestmeaboutCVDReceivableaswell
asaccountingagainstthesame.(NotetheirisnoSaleEXPORT.Thanks&RegardsWajidKhan

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