Anti Dumping Duty

Anti dumping duty refers to a set of tariffs imposed by a government on foreign imports that are deemed to be priced lower than their fair market value. This practice occurs when a company exports a product at a price lower than the domestic market price, which can harm local industries by undercutting their prices and potentially driving them out of business. 

To protect local manufacturers and maintain fair competition, governments may impose these duties, which effectively raise the price of imported goods to match that of domestic products. By enforcing anti-dumping duties, authorities aim to create a level playing field within the marketplace and ensure that local businesses can thrive despite international competition.