Duty Current Affairs, GK & News
The Government of India recently imposed anti-dumping duty on the steel imported from China, South Korea and Vietnam. Highlights The duty has been imposed on steel products that are imported from these countries below its associated normal value. This is causing the dumping and leads to unfair trade in India. The issue was found by ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
The tariff dispute between USA and France has started affecting bilateral trade. Recently, USA threatened to impose a 100% tariff on French imports such as wine, cheese and handbags. The threat comes in light of the recently announced French digital tax or the GAFA tax. The GAFA tax levies a 3% taxation on tech giants ..
Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production of such finished goods. For example, suppose the tariff (import tax) on the import of tyres is 10% and the tariff on the imports of natural rubber which ..