Pursuant to the Continued Dumping and Subsidy Offset Act of 2000 (the Offset Act), the Bureau of Customs and Border Protection (CBP) has issued a notice of its intent to distribute assessed antidumping (AD) or countervailing (CV) duties for fiscal year (FY) 2004 to affected domestic producers for certain qualifying expenditures they incur after the issuance of an AD or CV order. Written certifications to obtain a continued AD or CV offset under a particular order must be received by August 2, 2004.
The International Trade Administration (ITA) frequently issues notices on antidumping (AD) and countervailing (CV) duty orders which Broker Power considers to be "minor" in importance as they concern actions that occur after an order is issued and neither announce nor cause any changes to an order's duty rates, scope, affected firms, or effective period.
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.
U.S. Customs and Border Protection (CBP) has posted a notice to its Web site stating that the Automated Commercial Environment (ACE) Status Report (dated October 2003 - March 2004) is currently in the review process within the Department of Homeland Security (DHS), and it will be posted once approved and forwarded to Congress. (CBP notice available at http://www.cbp.gov/xp/cgov/toolbox/about/modernization/quarterly_reports/)
The International Trade Administration (ITA) frequently issues notices on antidumping (AD) and countervailing (CV) duty orders which Broker Power considers to be "minor" in importance as they concern actions that occur after an order is issued and neither announce nor cause any changes to an order's duty rates, scope, affected firms, or effective period.
The ITA also states that the CV cash deposit rates for all non-reviewed companies are unchanged by the results of this review.
The International Trade Administration (ITA) frequently issues notices on antidumping (AD) and countervailing (CV) duty orders which Broker Power considers to be "minor" in importance as they concern actions that occur after an order is issued and neither announce nor cause any changes to an order's duty rates, scope, affected firms, or effective period.
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.
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.
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).