//Copyright-Author: Morris Ng
function fnBIowTARlFFbarr(){
document.writeln("Countervailing Duty
Countervailing duty is a duty imposed in addition to the regular \(general\) import duty, in order to counteract or offset the subsidy and bounty paid to foreign export-manufacturers by their government as an incentive to export, that would reduce the cost of goods. Imposing a countervailing duty is the answer to unfair competition from subsidized foreign goods.
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document.writeln("Anti-dumping Duty
Anti-dumping duty is a duty imposed to offset the advantage gained by the foreign exporters when they sell their goods to an importing country at a price far lower than their domestic selling price or below cost. Dumping usually occurs from the oversupply of goods, which is often a result of overproduction, and from disposing of obsolete goods to other markets.")}
function fnBIowDutyAssess(){
document.writeln("- Ad Valorem Duty
- Ad valorem means according to value. Duty is assessed as percentage of the import value of goods \(e.g. 30% of FOB price\)
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document.writeln("- Specific Duty
- Specific duty is assessed on the basis of some units of measurements, such as quantity \(e.g. $5 per dozen\) or weight, either net weight or gross weight \(e.g. $20 per kilogram net\).
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document.writeln("- Compound Duty
- Compound duty is assessed as a combination of the specific duty and ad valorem duty \($20 per kilogram net, plus 30% of FOB price\).
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