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date: 25 September 2017

countervailing duties

Source:
A Dictionary of Business and Management in India
Author(s):

Peter Enderwick

countervailing duties 

An import tax imposed to counter export subsidies or discourage dumping (sale in an overseas market at below the costs of production). Countervailing duties are designed to offset any (artificial) price advantage of an exporter and provide fair competition for producers in the importing country.

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