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Part II · Countervailing Duties

64. Circumstances in which a countervailing duty may be imposed

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Countervailing duties may be imposed on products imported into Sri Lanka, where the Director-General determines, pursuant to an investigation initiated and conducted in accordance with the provisions of this Act, that —

(a)

a prohibited subsidy or an actionable subsidy within the meaning of this Act is being provided with respect to the investigated product;

Anti-Dumping and Countervailing Duties

(b)

there is injury being caused to the Sri Lankan industry; and

(c)

there exists a causal link between the subsidized imports and the injury caused.

(2)

Where imports of like products from more than one country are the subject of simultaneous countervailing duty investigations, the Director-General may, for the purpose of determining whether injury exists, cumulatively assess the effects of such subsidized imports on the Sri Lankan industry, only if —

(a)

the applications are filed under section 14 of this

Act;

(b)

the Director-General determines that the amount of countervailable subsidization established in relation to the imports from each country is more than de minimis as specified in section 74 and the volume of imports from each country is not negligible as specified in section 74; and

(c)

the Director-General determines that a cumulative assessment of the effects of the imports is appropriate in the light of the conditions of competition between the imported products, and the conditions of competition between the imported products and the domestic like products.

Read on from s 65

Part III

General

Read on from Part III

Schedules