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Critical circumstances means the emergence of an exceptional situation, where massive preferential imports are causing or threatening to cause serious injury difficult to repair and which calls for immediate action.
What are the two conditions under which the anti-dumping duties will be imposed?
Under Article VI of GATT 1994, and the Anti-Dumping Agreement, WTO Members can impose anti-dumping measures, if, after investigation in ance with the Agreement, a determination is made (a) that dumping is occurring, (b) that the domestic industry producing the like product in the importing country is suffering
How do you calculate anti-dumping duties?
Duties are calculated based on the dumping margin, which is the difference between the export price and the fair market value in the home country.
What is anti-dumping duty in simple words?
Liquidation of a warehouse or rewarehouse entry shall be suspended until all merchandise covered by the entry has been accounted for within the bonded period by withdrawal, abandonment, or destruction, or until the bonded period has expired if the merchandise has not been so accounted for before that time.
What is an example of a countervailing duty?
Anti-dumping duties are taxes imposed on imported goods in order to compensate for the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country. Anti-dumping duties are enabled by Article VI of the GATT.
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As a best practice, you should always query an HTS code at the 8- and 10-digit level to determine if an AD/CVD Case applies, but also review the description and nature of the goods to determine if they fall within the scope of any AD/CVD Case.
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