Meaning of CVD ,Countervailing Duty under import duty calculation

/a>
Surrender of Bill of Lading – Some facts
Switch BL
Formalities to import Fertilizers
How to import Pharmaceutical products
How to hide invoice value of original contract under high sea sale transactions

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

 Types of Insurance Documents.

What is Express Release Bill of Lading

What is FIRC in export import business

 What is first check assessment procedures in import customs clearance

What is FOB price in Exports and Imports and how it works

 What is Fumigation in Export and Import

 What is House BL

 What is ICD?

 What is IHC – Inland Haulage Charges

What is intensive exam CET exam in US import clearance

What is Inter Unit Transfer (IUT) in STP

 Is Customs House Agents (CHA ) required to be appointed mandatory?

 Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

 Is ON BOARD CERTIFICATE required for LC negotiation

What is LC Letter of Credit in export import business

Refund of Input Tax Credit (ITC) of GST, FAQ
Migration procedures for existing VAT payers to GST online in India 
Refund of GST paid in India, FAQ
4 Conditions when applying for refund of Input Tax Credit (ITC) under GST
Enrolling an existing VAT taxpayers at the GST Common Portal 
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.
Navigation controls to enroll with GST in India for existing VAT payers in IndiaHow is IGST calculated under Imports?
How is IGST rate on imports treated?
How to register a Digital Signature Certificate under GST in India.GST and e-Commerce Business, FAQ
Definition of E-Commerce under GST
How to identify the steps in enrolment process of a tax payer at the GST common portal. 
TDS under GST, Frequently Asked Questions
Does Interest attract on GST Tax payment delay?
Step by step procedure to login with GST common portal in India
Mechanism of Payment of GST tax in India
Levy of late fee for GST Tax returns filing in India
I pay Service Tax on my services. But I am not sure how do I pay the new GST?
Notice to GST return filing defaulters
When to file Annual Return of GST online?

The information provided here is part of Import Export course online

Countervailing Duty - CVD

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

What is CVD?

CVD means Countervailing Duties. Countervailing Duty 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.

Also read; 

GST rate payable for goods or service, click here

Click here to know GST exemption list of goods and service

How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Dispute settlement in international business

Related posts about import export trade tutorial:

Also read:  What is Retail Sale Price, RSP under import duty calculation       Certification of Phyto Sanitary under exports and imports      Air emission standard under exports and imports     Certification from Pollution control Board      Maintaining quality under importation of goods      Process under import of weight and measures      How does Anti dumping duty work?      Obtaining No Objection Certificate from Plant Quarantine Department      How to differentiate Prohibition to import and restriction to import      Import of goods? mind noise!      Restricted to import designed ports only      Reasons for restrictions to import goods      Why Prohibition to import goods      Transportation of Hazardous waste      Difference between Multilateral Trade Agreements and Bilateral Agreements

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.

The above information is a part of Online Export Import course

Express your views about Countervailing Duty (CVD)


Related posts about international trade online:

What are the legal documents in exports
Offices to obtain RCMC
Who decides shipping carrier on FOB shipments
Payment procedures in Triangular exports
Procedures to claim brand rate of draw back
Re warehousing procedures under STP and EOU units.
Register with Export Promotion Council
Risks and solutions in export business
Is Letter of Credit LC safe for an Importer?
Spelling error in LC? Is wrong spelling a discrepancy under Letter of credit?
Stuffing and De stuffing – 2 regular terms used in shipping<