Context: The Ministry of Commerce and Industry has recommended imposing an anti-dumping duty on aluminium foil imported from China.
Anti-Dumping Duty
oIt is an instrument to ensure fair trade and is not just a measure of protection per se for the domestic industry.
oThe Department of Revenue in the Finance Ministry acts upon the recommendation within three months and imposes such duties.
oA Sunset review/ expiry review is an evaluation of the need for the continued existence of a program or an agency. It allows for an assessment of the effectiveness and performance of the program or agency.
oA review can be initiated suo moto or on the basis of a duly substantiated request received from or on behalf of the domestic industry.
Countervailing duty (CVD)
oIt is administered by the Directorate General of Anti-dumping and Allied Duties (DGAD), in the commerce and industry ministry’s department of commerce.
oThe department of commerce recommends anti-dumping duty, provisional or final.
o
Customs duty:
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