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Anti Dumping Duty Tax Interview Questions & Answers - Learning Mode
COOLINTERVIEW.COM TAX INTERVIEW QUESTIONS ANTI DUMPING DUTY TAX INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE

Anti Dumping Duty Tax Interview Questions & Answers - Learning Mode

An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. In the United States, anti-dumping duties are imposed by the Department of Commerce and often exceed 100%. Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. In order to rectify this situation Central Govt. imposes an anti dumping duty not exceeding the margin of dumping in relation to such goods.

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Anti Dumping Duty Tax Interview Questions & Answers - Learning Mode
Try Anti Dumping Duty Tax Interview Questions & Answers - Exam Mode
Question: What is the Non-injurious Price and injury margin? How these are worked out?

Answer: Non-Injurious Price (NIP) is that level of price, which the industry is, expected to have charged under normal circumstances in the Indian market during the Period defined. This price would have enabled reasonable recovery of cost of production and profit after nullifying adverse impact of those factors of production which could have adversely effected the company and for which dumped imports can?t be held responsible.

Besides the calculation of the margin of dumping, the Designated Auth Source: CoolInterview.com
Question: How does protectionism affect gross domestic production (GDP)?

Answer: The vast majority of economic literature suggests that protectionist policies reduce the gross domestic product, or GDP, of domestic and foreign nations. And, as a logical corollary, strong evidence suggests trade liberalization, or the removal of protectionist barriers by a home country, creates significant productive benefits and expands GDP. Source: CoolInterview.com
Question: How do tariffs protect domestic industries?

Answer: Tariffs are essentially taxes or duties placed on an imported good or service by a domestic government, making domestic goods cheaper for domestic consumers and imported goods more expensive for companies exporting goods from their industry into the domestic industry. Source: CoolInterview.com
Question: What is the logic behind Anti Dumping Duty Tax?

Answer: The logic behind anti-dumping duties is to save domestic jobs, although critics argue that this leads to higher prices for domestic consumers and reduces the competitiveness of domestic companies producing similar goods. Source: CoolInterview.com
Question: What are the parameters of injury to the domestic industry?

Answer: Broadly, injury may be analyzed in terms of the volume effect and price effect of the dumped imports. The parameters by which injury to the domestic industry is to be assessed in the anti dumping proceedings are such economic indicators having a bearing upon the state of industry as the magnitude of dumping, and the decline in sales, selling price, profits, market share, production, utilization of capacity etc. Source: CoolInterview.com
Question: What are the essential requisites for initiating an anti dumping investigation?

Answer: The following are essential for initiating an anti dumping investigation: -

a. Sufficient evidence to the effect that ;
? there is dumping
? there is injury to the domestic industry; and
? there is a causal link between the dumping and the injury, that is to say, that the dumped imports have caused the alleged injury.

b. The domestic producers expressly supporting the anti dumping application must account for not less than 25% of the total production of the like Source: CoolInterview.com
Question: What is Free Trade Policy?

Answer: Free trade policies, in their truest form, advocate for a complete absence of import restrictions (such as tariffs and quotas) and for no subsidization of export industries. The proponents of free trade argue that restrictions on trade make all consumers, even their own country men, poorer than they otherwise would have been. Source: CoolInterview.com
Question: What is anti dumping? What is its purpose in International Trade?

Answer: Dumping is said to occur when the goods are ex ported by a country to another country at a price lower than its normal value. This is an unfair trad e practice which can have a distortive effect on international trade. Anti dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect. Thus, the purpose of anti dumping duty is to rectify the trade distortive effect of dumping and re-establish fair trade.

The use of anti dumping measure Source: CoolInterview.com
Question: What are various Anti Dumping rules?

Answer: Individual exporter: Any exporter whose margin of dumping is less than 2% of the export price shall be excluded from the purview of anti-dumping duties even if the existence of dumping, injury as well as the causal link is established.

Country: Further, investigation against any country is required to be terminated if the volume of the dumped imports, actual or potential, from a particular country accounts for less than 3% of the total imports of the like product.

However, in suc Source: CoolInterview.com
Question: How do you define: ? Normal Value ? Export price and ? Dumping margin?

Answer: Normal Value: Normal value is the comparable price at which the goods under complaint are sold, in the ordinary course of trade, in the domestic market of the exporting country.

If the normal value can not be determined by means of the domestic sales, the following two alternative methods may be employed to determine the normal value: -

? Comparable representative export price to an appropriate third country.
? Constructed normal value, i.e. the cost of production in the coun Source: CoolInterview.com
Question: When Anti Dumping Duty Tax comes into play?

Answer: Anti Dumping Duty Tax come into play when a foreign company is selling an item significantly below the price at which it is being produced. Source: CoolInterview.com
Question: What is Anti Dumping Duty Tax in Taxes?

Answer: An anti-dumping duty Tax is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. In the United States, anti-dumping duties are imposed by the Department of Commerce and often exceed 100%. Source: CoolInterview.com
Question: Is anti dumping a measure of protection for domestic industry?

Answer: Anti dumping, in common parlance, is understood as a measure of protection for domestic industry. However, anti dumping measures do not provide protection per se to the domestic industry. It only serves the purpose of providing remedy to the domestic industry against the injury caused by the unfair trade practice of dumping.

In fact, anti dumping is a trade remedial measure to counteract the trade distortion caused by dumping and the consequential injury to the domestic industry. Only in Source: CoolInterview.com
Question: What is the legal framework for Anti Dumping, Anti Subsidy and safeguard measures?

Answer: Sections 9, 9 A, 9 B and 9 C of the Customs Tariff Act, 1975 as amended in 1995 and the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 and Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 framed there under form the legal basis for anti-dumping and anti subsidy investigations and for the levy of anti-du Source: CoolInterview.com
Question: What is the relief/remedy to the Domestic Industry under the Anti Dumping mechanism. Is it always in the form of Anti-dumping duty?

Answer: The relief to the domestic industry against dumping of goods from a particular country is in the form of anti dumping duty imposed against that country/ies, which could go upto the dumping margin. Such duties are exporter specific and country specific.

However, the remedy against dumping is not always in the form of anti dumping duty. The Authority may terminate or suspend investigation after the preliminary findings if the exporter concerned furnished an undertaking to revise his price Source: CoolInterview.com
Question: What is the difference between anti dumping duty and Normal Customs duty? Is the anti dumping duty over and above the Normal Customs duty chargeable on the import of an item?

Answer: Although anti dumping duty is levied and collected by the Customs Authorities, it is entirely different from the Customs duties not only in concept and substance, but also in purpose and operation.

The following are the main differences between the two: -

? Conceptually, anti dumping and the like measures in their essence are linked to the notion of fair trade. The object of these duties is to guard against the situation arising out of unfair trade practices while customs duties Source: CoolInterview.com
Question: What is the relief/remedy to the Domestic Industry under the Anti Dumping mechanism. Is it always in the form of Anti-dumping duty?

Answer: The relief to the domestic industry against dumping of goods from a particular country is in the form of anti dumping duty imposed against that country/ies, which could go upto the dumping margin. Such duties are exporter specific and country specific.

However, the remedy against dumping is not always in the form of anti dumping duty. The Authority may terminate or suspend investigation after the preliminary findings if the exporter concerned furnished an undertaking to revise his price Source: CoolInterview.com
Question: What are the parameters used to assess dumping of goods from a country?

Answer: Dumping means export of goods by one country / territory to the market of another country / territory at a price lower than the normal value. If the export price is lower than the normal value, it constitutes dumping. Thus, there are two fundamental parameters used for determination of dumping, namely, the normal value and the export price. Both these elements have to be compared at the same level of trade, generally at ex-factory level, for assessment of dumping. Source: CoolInterview.com
Question: What is Dumping?

Answer: Dumping refers to exporting a good at a lower price than the price charged for the good at home. Source: CoolInterview.com
Question: How is Comparative Advantage used as a justification against Anti Dumping Taxes?

Answer: The theory of comparative advantage suggests that total economic welfare in all countries is improved when countries focus on those industries where they have lower opportunity costs. The benefits of comparative advantage are reduced when domestic industries are subsidized or when foreign industries are subjected to import tariffs. Economists have been uncommonly uniform in advocating free trade policies for centuries. Source: CoolInterview.com

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