ITA sources state that Dongkuk's AD rate of 0.85% already reflects an adjustment for export subsidies found in the companion countervailing (CV) duty investigation.
Customs Duty
A Customs Duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs Duty Rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight.
U.S. Customs and Border Protection (CBP) has issued a notice stating that, effective May 5, 2004, the trade may transmit U.S.-Singapore Free Trade Agreement (SFTA) Integrated Sourcing Initiative (ISI) claims under HTS 9999.00.84 through the Automated Broker Interface (ABI) system.
On May 11, 2004, the Senate passed S. 1637, the Jumpstart Our Business Strength (JOBS) Act by a vote of 92 yeas to 5 nays. According to Congressional sources, S. 1637 would amend the Internal Revenue Code of 1986 to comply with the World Trade Organization (WTO) rulings on the Foreign Sales Corporation/Extraterritorial Income Tax (FSC/ETI) benefit. (See ITT's Online Archives or 03/01/04 news, 04030105, for BP summary on the EU's imposition of additional duties on selected U.S. products due to its dispute with the U.S. over the FSC/ETI tax regime.)(Congressional Record dated 05/11/04, http://thomas.loc.gov/r108/r108d11my4.html.
U.S. Customs and Border Protection (CBP) has issued a press release announcing that Commissioner Robert Bonner has selected Gary M. Shiffman as his Chief of Staff.
The International Trade Administration (ITA) has issued a fact sheet stating that it has determined that U.S. antidumping law (19 USC 1677a(c)(2)(A)) does not intend Section 201 duties to be deducted from the U.S. price1 in calculating AD margins (rates).
The General Accounting Office (GAO) has issued Congressional testimony, given on March 31, 2004, which contends that while U.S. Customs and Border Protection (CBP) has taken steps to address the terrorism risks posed by oceangoing cargo containers, its strategy neither incorporates all key elements of a risk management framework nor is it entirely consistent with recognized modeling practices.
On May 5, 2004, the House Ways and Means Committee amended and ordered reported (i.e., approved) H.R. 4103, the African Growth and Opportunity Act (AGOA) Acceleration Act of 2004. (This bill is often referred to as "AGOA III.")
In the May 5, 2004 issue of the U.S. Customs and Border Protection Bulletin (CBPBulletin) (Vol. 38, No. 19), CBP issued notices: (a) revoking two classification rulings on certain metal couplings and connectors; and (b) revoking a classification ruling regarding plastic identification badges. CBP states that it is also revoking any treatment it has previously accorded to substantially identical transactions that are contrary to its position in these notices.
The International Trade Administration (ITA) has issued its final results of the changed circumstances antidumping (AD) duty review of carbon and certain alloy steel wire rod from Canada, concluding that only subject merchandise both produced and exported by Stelco, Inc. and Stelwire Ltd. (Stelco Group) is excluded from the AD duty order.
U.S. Customs and Border Protection (CBP) has issued messages on a number of antidumping (AD) and countervailing (CV) duty actions, many of which (marked by an * in the action column) were previously published in the Federal Register by the International Trade Administration (ITA) and summarized in International Trade Today.