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TeachMeFinance.com - explain Countervailing duty Countervailing duty The term 'Countervailing duty ' as it applies to the area of agriculture can be defined as ' A charge levied on an imported article to offset the unfair price advantage it holds due to a subsidy paid to producers or exporters by the government of the exporting country. Section 303 of the Tariff Act of 1930, as amended, provides for an assessment equal to the amount of the subsidy, in addition to other duties and fees normally paid on the imported article. Countervailing duties are permitted under Article 6 of the GATT'. Previous 5 Terms: coulometer Counter countercurrent counterexample Countertrade Next 5 Terms: counting number counting problem Country-of-origin labeling County committees County Executive Director (CED) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.