Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Subsidy

n. 1. A grant, usu. made by the government, to any enterprise whose promotion is considered to be in the public interest. 2. A specific financial contribution by a foreign government or public entity conferring a benefit on exporters to the United States. ( Such a subsidy is countervailable under 19 USCA §§ 1671, 1677. - subsidize, ub.

countervailable subsidy

A foreign government's .subsidy on the manufacture of goods exported to another country, giving rise to the importing country's entitlement to impose a countervailing duty on the goods if their import caused or threatens to cause material injury to domestic industry. See countervailing duty under DUTY (4).