The U.S. Commerce Department announced its findings in antidumping duty (AD) and countervailing duty (CVD) investigations of imports of stainless steel flanges from India.
According to a Commerce Department release:
The stainless steel flange imports were valued at approximately $44 million in 2017.
U.S. Customs Border Protection (CBP) will be instructed by Commerce to collect cash deposits equal to the applicable final weighted-average dumping rates, after the final affirmative AD determination is made.
With regards to the CVD determination, the CBP will be instructed by Commerce to collect CVD cash deposits equal to the applicable subsidy rates, pending an affirmative injury determination by the U.S. International Trade Commission (ITC). The ITC will make its final determinations if the stainless steel flanges threaten to materially injury, or do materially injury the domestic industry, on or around 24 September 2018.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
John L. McLoughlin
Luis (Lou) Abad
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