Related Keywords: being sold at cheaper rates comapred to locally produced goods, India has imposed on readymade garment products, India preparing to impose anti-dumping tariff on jute products., NFTA, promote India-Nepal trade, safeguard chances of imported goods, to offset excise duty levied on their own products, urge removal of countervailing duty
The government of India has imposed countervailing duty on readymade garment products to offset excise duty levied on their own products. As per traders, Indian has imposed additional countervailing duty on Nepali garments to safeguard the chances of imported goods being sold at cheaper rates as compared to the locally produced goods. Normally, countervailing duty is levied on products that receive subsidy during manufacturing in the country of origin.
