PROCEDURES SET TO DISTRIBUTE ADD/CVD DUTIES TO U.S. DOMESTIC PRODUCERS
U.S. Customs has published its final rules for its procedures to disperse money collected from antidumping and countervailing duty assessments to the country’s effected domestic producers.
Antidumping duties are imposed on imports that the Commerce Department has found is sold in the United States at less than fair value. Countervailing duties are assessed on imports that the Commerce Department determines benefits the “actionable subsidies” imposed by a foreign government.
In all antidumping, and in most countervailing duty cases, these duties are only assessed if the U.S. International Trade Commission determines that the imported goods cause injury or threaten to injury domestic producers.
Congress enacted the Continued Dumping and Subsidy Offset Act on Oct. 28, 2000, as part of the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act of 2001. The Act requires Customs to develop procedures to disperse money collected from antidumping and countervailing duties to injured domestic producers.
For more information about the procedures, access on line: http://frwebgate1.access.gpo.gov/cgi-bin/waisgate.cgi?WAISdocID=08387814680+0+0+0&WAISaction=retrieve .