Which of the following is incorrect about Anti Dumping Duty?
1
It is imposed when it is conclusively proved that a particular item is being exported at a price lower than what is prevailing in the domestic market of the exporter
2
An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
3
The imposition of anti-dumping duty is violative under the World Trade Organization (WTO) regime.
4
Anti-Dumping Duty is applicable only for a selective period.
5
Question Not Attempted