EU Levying Anti-Dumping Duties

The import surcharge imposed.

When importing countries are damaged by foreign dumping of certain products and domestic industry, the import tax is equivalent to the difference between the domestic market price of the exporting country and the dumping price.

The aim is to resist dumping and protect domestic industries.

Usually, the parties concerned in the damage industry propose the fact that the exporter is dumping the goods, and ask the government agencies to re levy them.

An investigation was made on the facts and extent of the damage to the industry and the fact that the anti-dumping duty was imposed when the importing countries dumped the goods at a low price.

When the government considers it necessary, during the period of investigation, it can also temporarily collect a deposit equivalent to the tax amount for the import of the commodity.

If the result of the investigation is dumped, it is to be expropriated as an anti-dumping duty. If the dumping is not established, it will be refunded.

In some countries, the benchmark price is set. If the import price is below the price, automatic investigation shall be conducted without application by the parties concerned.

Countries levy

The rules of the Sixth General Agreement on Tariffs and levying anti-dumping duties are not binding on all countries.

In the mid 60s, the Kennedy round was formulated.

Anti-Dumping Code) in the 1973-1979 round of the Tokyo round, it was supplemented and amended. Besides defining the meaning of dumping, it also stipulated the necessary conditions for levying anti-dumping duty.

When dumping is stopped, the collection shall be cancelled immediately.

For two years.