CBP Posts FY 2011 Report on AD/CV Byrd Collections and Payouts
CBP has posted its fiscal year 2011 Continued Dumping and Subsidy Offset Act (also known as the "Byrd Amendment") annual report. Among other things, CBP lists $104 million in antidumping duties that are awaiting collection and then disbursement, which will occur in the year in which the monies are received.
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This report contains three sections:
FY 2011 Annual Disbursement Report. This report contains information on the disbursements for FY 2011 and includes case number, case name, the number CBP assigned to each certification, claimant name, dollar amount certified, allocation percentage, and dollar amount paid. Cases that show a negative disbursement amount are the result of refunds to importers as a result of reliquidations or court cases.
Uncollected Duties for FY 2011. This report lists the amount of uncollected duties on each case as of September 30, 2011. These amounts were subtracted from the liquidated duties on each case, as CBP cannot disburse funds that have not yet been collected. CBP states that all collections on these bills that take place in the future will be disbursed in the year in which they are received. The total listed for AD duties is $103,939,925.65.
FY 2011 Clearing Account Balances as of September 30, 2011. This report lists the amounts contained in the Clearing Account for each case. These amounts represent duties filed with the entry and are preliminary numbers and may be refunded at liquidation to the importer of record based upon Commerce Department's final determination on the case, which may not occur during the current year. Funds do not transfer from the Clearing Account to the Special Account for CDSOA distribution until liquidation occurs. The Clearing Account does not include additional duty assessed at liquidation or reliquidation. The total listed for AD duties is $295,190,853.40 and the total listed for CV duties is $8,814,957.96.
(2011 Annual Report, posted 12/08/11)