Which of the following statements is correct about Countervailing Duty (CVD)?
1
It is a duty on goods that have received government subsidies in the originating or exporting country.
2
It is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
3
It is measure undertaken by the government to protect the domestic industries which might be harmed due to sudden cheap surge in imports.
4
None of the above