Which of the following statements is incorrect in Indian context ........

Economic Affairs Foreign Trade - Trends and Policy

Which of the following statements is incorrect in Indian context?

Anti-dumping duties are applied if export prices are lower than normal value by exporting country

Counter veiling duties are applied in case of undue subsidy being provided for exports by exporting country

Safeguards are applied in case of surge of imports of any particular item

These laws are not in consonance with WTO Agreements

4th option is incorrect because these laws are in consonance with WTO Agreements.

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