Taxation (Cross-border Trade) Act 2018

Meaning of “dumped”

1 (1) For the purposes of this Schedule, goods are “dumped” in the United Kingdom if—

(a) they are imported into the United Kingdom, and

(b) their export price is less than their normal value;

and references to the “dumping” of goods are to be read accordingly.

(2) The “normal value” of goods means—

(a) the comparable price, in the ordinary course of trade, for like goods (see paragraph 7) when destined for consumption in the exporting foreign country or territory, or

(b) such other price or value as may be determined in accordance with provision made by regulations for specified cases where it is not appropriate to use the price in paragraph (a).

(3) Regulations may make provision for the purposes of this paragraph—

(a) about what constitutes or does not constitute—

(i) the “export price” of goods;

(ii) “the comparable price”;

(iii) “in the ordinary course of trade”;

(iv) “the exporting foreign country or territory”;

(b) about how any of those matters are to be determined;

(c) to ensure that a fair comparison is made between the export price of goods and their normal value;

(d) about the use of sampling to determine the export price or normal value of goods.