Countervailing duty

Countervailing duty

A charge levied on an imported article to offset the unfair price advantage it holds due to a subsidy paid to producers or exporters by the government of the exporting country. Section 303 of the Tariff Act of 1930, as amended, provides for an assessment equal to the amount of the subsidy, in addition to other duties and fees normally paid on the imported article. Countervailing duties are permitted under Article 6 of the GATT.

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Part of Speech: noun
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Industry/Domain: Agriculture
Category: Agricultural programs & laws
Company: USDA
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countervailing duty

Economy; International economics

A tariff levied against imports that are subsidized by the exporting country's government, designed to offset (countervail) the effect of the subsidy.

countervailing duty

Agriculture; Agricultural programs & laws

A charge levied on an imported article to offset the unfair price advantage it holds due to a subsidy paid to producers or exporters by the government of the exporting country. ...

countervailing duty

Convention; Conferences

An extra duty imposed by the U. S. Secretary of the Treasury to offset export grants, bounties, or subsidies paid to foreign suppliers in certain countries by the governments of ...

countervailing duty

Transportation; Ocean shipping

An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of ...

countervailing duty

Transportation; Shipping

An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of ...

countervailing duties

Economy; International trade

Countervailing duties (CVDs), also known as anti-subsidy duties, are trade import duties imposed under World Trade Organization Rules to neutralize the negative effects of ...

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