THE
Customs Commissioner Rey Leonardo B. Guerrero said in the CMO dated December 20 that provisional anti-dumping duties shall be imposed in the form of cash bond for four months from the date of effectivity of the Department of Administrative Order 21-7 issued by the Department of Trade and Industry last November 29.
Based on Republic Act 8752 and its Implementing Rules and Regulations , an “Anti-Dumping Duty” refers to a special duty imposed on the importation of a product into the Philippines at less than its normal value when destined for domestic consumption in the country of export or origin, it being the difference between the export price and the normal value of such product.
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