Countervailing duties definition

Countervailing duties are imposed in cases where an enterprise abroad is subsidized by its government and encouraged to market its products internationally.
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Countervailing duties. Both NAFTA and WTO panels found the final determination of the USDOC in the investigation questionable. The NAFTA panel stated that the cross-border stumpage price comparison methodology used to determine the country-wide 18.79% rate was contrary to U.S. law. On January 12, 2004, the USDOC issued a first remand determination, applying a methodology based on log prices within each province for determining whether a benefit was conferred by provincial stumpage programs. The CVD deposit rate was recalculated to 13.23%, which rate would have taken effect once the appeal was concluded. However, this first remand determination was challenged by both Canadian and United States parties. On June 7, 2004, the NAFTA panel issued a decision ordering the USDOC to make further changes in its calculations. On July 30, 2004, the USDOC released a second remand determination, which, if confirmed, would have lowered the Canada-wide CVD rate to 7.82%. The revised 7.82% rate also was challenged before the NAFTA panel. On December 1, 2004, the NAFTA panel found numerous technical elements in the revised USDOC calculations to be flawed, and ordered USDOC to make new corrections. On January 24, 2005, the USDOC released its third remand determination, with a country-wide rate of 1.88%. Further challenges to this calculation have been filed with the NAFTA panel, contending that the USDOC did not comply with all of the panel's instructions. If corrections result in a subsidy rate below 1.00%, under U.S. law, such a low rate is considered to be a DE MINIMIS level, and would result in the case being dismissed. For the same reasons as in the AD case, assuming the subsidy rate remains above 1.00%, the precise rate as determined in the appeal of the original investigations no longer is of any practical significance to the Company, as it will have been superseded as of December 20, 2004 by the new deposit rate determined in the first review in the CVD case, discussed below.
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Countervailing duties. ’ means countervailing duties imposed under section 701 of the Tariff Act of 1930 (19 U.S.C. 1671).
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Examples of Countervailing duties in a sentence

  • Countervailing duties may only be imposed pursuant to investigations initiated37 and conducted in accordance with the provisions of this Agreement and the Agreement on Agriculture.

  • Countervailing duties, if imposed, are designed to equal the net amount of the foreign subsidy and are levied upon importation of the subsidized goods into the United States.

  • Countervailing duties may be assessed on the subject imports as a result of these proceedings if the Commission makes an affirmative determination of injury, threat, or material retardation, and if the U.S. Department of Commerce (“Commerce”) makes an affirmative determination of subsidization.

  • Countervailing duties require proof of foreign subsidies and domestic injury; antidumping duties require proof of sales below normal price and domestic injury; and safeguards merely require demonstration that an increase in imports poses a threat of serious injury.

  • Countervailing duties may only be imposed pursuant to investigations initiated and conducted in accordance with the provisions of this Agreement and the Agreement on Agriculture.

  • The Secretary then will instruct the Customs Service to assess antidumping duties by apply- ing the assessment rate to the entered value of the merchandise.(2) Countervailing duties.

  • Countervailing duties (CVDs) are tariffs applied to offset (countervail) the impact of export subsidies granted by the government of an exporting country.

  • Also the Owner will have the right to change the scope of works as per project requirements.The above contract amount is inclusive of all taxes (including GST and any applicable as per central & state government norms), and duties, mentioned here but not limited to, Customs, Excise, Countervailing duties with cess, Overall cess on Duty component, Port Clearance charges, Transit Insurance, Inland transportation, Loading, Unloading, levies, royalties etc.

  • It is against this backdrop that Temporary Trade Barriers (TTBs) such as Anti-Dumping duties, Countervailing duties and safeguards assume prominence.

  • As part of CBP’s mission, OT identifies trade risks that may include transshipment schemes to evade the payment of Anti-dumping and Countervailing duties (AD/CVD),165 the filing of false Free Trade Agreement claims, and the use of identity theft to facilitate the importation of counterfeit merchandise.

Related to Countervailing duties

  • Duties includes obligations.

  • import duties means any customs duties and other charges of equivalent effect levied on imported goods;

  • Institutional Responsibilities means an Investigator’s professional responsibilities on behalf of the University, which may include for example: activities such as research, research consultation, teaching, professional practice, University committee memberships, and service on panels such as Institutional Review Boards or data and safety monitoring boards.

  • Responsibilities means the responsibilities delegated to BNY under the Rule as a Foreign Custody Manager with respect to each Specified Country and each Eligible Foreign Custodian selected by BNY, as such responsibilities are more fully described in Article III of this Agreement.

  • Tariffs means the published fares, charges and/or related Conditions of Carriage of an airline filed, where required, with the appropriate authorities.

  • Municipal Law Enforcement Officer means a person appointed under the authority of the Police Services Act for the purpose of enforcing City by-laws.

  • Restricted use pesticide means any pesticide or device which, when used as directed or in accordance with a widespread and commonly recognized practice, the director determines, subsequent to a hearing, requires additional restrictions for that use to prevent unreasonable adverse effects on the environment including people, lands, beneficial insects, animals, crops, and wildlife, other than pests.

  • Duties and Charges means in relation to any particular transaction or dealing all stamp and other duties, taxes, Government charges, bank charges, transfer fees, registration fees and other duties and charges in connection with the increase or decrease of the Trust Property or the creation, issue, sale, transfer, redemption or purchase of Units or the sale or purchase of Investment or in respect of the issue, transfer, cancellation or replacement of a Certificate or otherwise which may have become or may be payable in respect of or prior to or upon the occasion of the transaction or dealing in respect of which such duties and charges are payable, but do not include the remuneration payable to the Distribution Company or any Commission payable to agents on sales and redemption of Units or any Commission charges or costs which may have been taken into account in ascertaining the Net Asset Value.

  • Educator practice instrument means an assessment tool that provides: scales or dimensions that capture competencies of professional performance; and differentiation of a range of professional performance as described by the scales, which must be shown in practice and/or research studies. The scores from educator practice instruments for teaching staff members other than teachers, Principals, Vice Principals, and Assistant Principals may be applied to the teaching staff member’s summative evaluation rating in a manner determined by the school district.

  • Performing means (a) with respect to any Portfolio Investment that is debt, the issuer of such Portfolio Investment is not in default of any payment obligations in respect thereof after the expiration of any applicable grace period and (b) with respect to any Portfolio Investment that is Preferred Stock, the issuer of such Portfolio Investment has not failed to meet any scheduled redemption obligations or to pay its latest declared cash dividend, after the expiration of any applicable grace period.

  • Respiratory care practitioner means an individual who practices respiratory care.

  • Deputy Minister means the Deputy Minister of the Ministry.

  • Conservation officer means an employee of the department of natural resources, or its predecessor or successor agency, who has sworn to the prescribed oath of office and who is designated as a peace officer under section 1606 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.1606, and section 1 of 1986 PA 109, MCL 300.21.

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.

  • Residual parental rights and responsibilities means all rights and responsibilities remaining with the

  • value added tax means value added tax charged in accordance with the Value Added Tax Act 1994.