Page 92 - DMGT547_INTERNATIONAL_MARKETING

Unit 4: International Legal Environment

reimburses the duties suffered by the deemed export on the fast track route. The brand rate Notes
alternative requires verification of the actual duty paid. The DGFT action is especially
welcome because the duties suffered are rarely reimbursed by the export promotion
system.

Sodium Cyanide: The revenue department has slapped a stiff anti-dumping duty on sodium
cyanide imports. The final duty is ` 68.025 per kg on all imports from US, EU, Czech
Republic and Korea. The 16 per cent countervailing duty to compensate for the excise duty
suffered by domestic goods must also be paid on the anti-dumping duty. In other words,
another ` 10.88 per kg must be paid as countervailing duty due to the anti-dumping duty
of ` 68.025 per kg. The short paid provisional duties will also be recovered as the customs
shoot the demand letter out.
Question
1. Discuss the case in brief.
Source: P K Vasudeva, International Marketing, Excel Books.

4.6 Summary

This unit attempts to give an overview of the functions in as simple manner as possible.
In order to understand and appreciate various legal systems and their legal philosophies
among countries, it is essential to distinguish between the two major legal systems:
common law and statute law.
There are about 25 common laws or British Law countries.

Countries implying a statute law system, also known as code or civil law, include most
continent European countries and Japan.
Most countries, which are approximately 70, are guided by statute law legal system.

For statute law countries, many laws are developed by courts and are never reduced to
statutes. If laws are not handled properly they can prohibit the marketing of a product
altogether. The legal environment can affect a company’s production strategy.
It is often necessary to file a lawsuit in the defendant’s home country.
Every country has its own legal forms of organisations to deal with business.
It is often necessary to file a lawsuit in the defendant’s home country. Every country has its
own legal forms of organisations to deal with business.
Firms doing business in United Kingdom have three primary choices for the legal form or
organisation: British Branch, Limited Company, of Partnership.
For most British Commonwealth countries corporate name includes limited or limited
company to indicate that the liability of the company is ‘limited’.

4.7 Keywords

Bribery: Bribery is the use of inter state commerce to offer, pay, promise to pay, or authorise
giving anything of value to influence an act or decision by a foreign government, politician, or
political party to assist in obtaining, retaining, or directing business to any person.

Common Law System: A common law system is a legal system that relies heavily on precedents
and conventions.

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