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Antidumping Duty
(redirected from Punitive Duty)

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Antidumping Duty
In international commerce, a tariff placed on an import that is unusually low-priced. Dumping is the act of exporting a good to a foreign country to capitalize on the price difference. Dumping can result in a handsome profit for the exporter, but it can also damage the importing country's local economy. Thus, many countries attempt to counteract the practice by implementing anti-dumping duties.
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And volume sales across beer, wines and spirits are expected to fail further if the punitive duty escalator is introduced in 2010 at the same time as VAT returns to 17.
How alcohol duty hikes hit the Exchequer by Grocer
Korean claim over Japan's punitive duty GENEVA - The World Trade Organization is a step closer to deciding in favor of South Korea's complaint that Japan has unjustifiably imposed punitive duties on imports of dynamic random access memory microchips from the country, diplomatic sources said Tuesday.
Kyodo economic news summary by Japan Weekly Monitor
In June the punitive duty was lifted and replaced with a minimum price of 2.
Norwegian seafood exports: good news and bad news by Quick Frozen Foods International
 
 
 
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