The Journal of Commerce reports that the U.S. may have to drop 27% duties on Canadian lumber shipments after a NAFTA binational panel ruled that the U.S. International Trade Commission's finding that tariffs are needed because Canadian imports push down prices "is not supported by substantial evidence." According to the article, the U.S. has 21 days to redo its figures or end the duties. (JoC dated 04/30/04, www.joc.com.)
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.
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
The ITA states that it will instruct U.S. Customs and Border Protection (CBP) to assess AD duties, in line with the 2.57% corrected AD rate, on all appropriate entries.
The ITA states that it is rescinding Tancheng from the AD duty new shipper review because Tancheng withdrew its request for review and no other party objected to its withdrawal of that request.
The International Trade Administration (ITA) has issued a notice stating that it is rescinding the antidumping (AD) duty new shipper review of certain preserved mushrooms from China with respect to the following exporter and producer combination:
U.S. Customs and Border Protection (CBP) has announced that the following carriers have become Sea Automated Manifest System (AMS) operational:
(BP has issued a new version of this ITT summary in order to correct the summary's BP Note listing the case numbers used for U.S. Customs and Border Protection (CBP) purposes. This new version, with corrected text between the double asterisks (**), supercedes the original version issued in ITT's 04/02/04 news as 04040225.)
The International Trade Administration (ITA) has initiated antidumping (AD) duty investigations of bottle-grade polyethylene terephthalate (PET) resin from India, Indonesia, Taiwan and Thailand, and countervailing (CV) duty investigations of subject merchandise from India and Thailand.
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
According to The Journal of Commerce, the Natural Resources Defense Council (NRDC) released a report that sharply criticized the 10 largest U.S. seaports for their environmental records, indicating that lawsuits would follow if the ports don't clean up their act. (JoC March 29-April 4, 2002, www.joc.com )