What is the full form of CVD?

Cooperation Value Duty

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Customvailing Duty

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Countervailing Duty

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Custom value Duty

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Solution

The correct option is C Countervailing Duty
The full form of CVD is Countervailing Duty.
Countervailing Duty (CVD) is an additional import duty charged on imported goods. The rate of such duty is equivalent to the rate of excise levied on such goods if it is manufactured within the importing country.

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