A class By Dr. Purvi Ishwarchand Goswami
At Adani Saksham initiative
16March2022
Joined at 1500 hrs Trade Defense is performed through three basic means in India, exit at 1630 hrs
Reading book practice for GST and Tally understanding
Discussion about GST brought in changes
Definition of State: State means India as a whole according to the terminology of Indian Constitution
Student grievances
Home work 1 Countervailing Duty
Anti Dumping Duty (ADD): It-s non-beneficial in long term, as it reduces the competency of the domestic industry. The Duty imposed on imported products whose cost is less than the domestic production cost of the same product. Such protectionism reduces the competency of the domestic producers and is also a bad sign for International business.
Countervailing Duty (CVD): It's beneficial in long term, as it saves the current businesses and strengthens them against the foreign industry. It's levied on imported products and commodities which are subsidized in originating or Exporting countries.
Safeguard Duty (DSA): Quantitative restrictions, Bilateral safeguards, and Tariff rate quota are the tools of trade defense in Safeguard measures. It's implemented by authority now known as DGTR
It is a duty on various goods, brought into certain towns or cities like Mumbai in India.
Octroi duty is the tax levied by local or state governments on certain categories of goods as they enter the area. It is a charge for allowing the transit of goods through the jurisdiction. As of 1 July 2017, with the introduction of GST country-wide, the octroi has been abolished.
Homework 4 Consideration
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