Anti-Dumping Duty
 Dumping refers to the international trade practice when manufacturers export a product to another
country at a price below the domestic market price.
 Anti-dumping duty is a protectionist duty levied on such imports that are believed to have been price
below their domestic price. This is mainly done in order to uphold the practice of fair trade.

Countervailing Duty (CVD)
 It is additional duty levied by the importing country on specific goods.
 It is generally equal to the excise duty paid by manufacturers when the same product is produced in the
home country.
 It is mainly levied in order to neutralize the effect of subsidies in the exporting country on the price and
domestic market of the importing country.
 In other words, it is levied in order to protect the domestic manufacturers.

Safeguard Duty
 The government extended the safeguard duty on steel import to March 2018 in order to protect the
domestic manufacturers.
 It is another duty levied in order to protect the domestic industry.
 However, it is done so after an enquiry and when the government is satisfied that the concerned good
when imported in large quantities or at cheap price will affect the domestic industry.