US not to impose countervailing duty on Indian shrimp
26th September, 2013
The United States International
Trade Commission (USITC) has, on 20-9-2013, determined finally that U.S.
industry is neither materially injured nor threatened with material injury by
imports of frozen warm water shrimp from India. The order covers import of such
goods from China, Ecuador, Malaysia and Vietnam also. The Department of
Commerce will not, therefore, issue orders imposing Countervailing duty (CVD)
on such imports.
Earlier the US authorities, on
the basis of petition by Coalition of Gulf Shrimp Industries had, on
28-12-2013, initiated countervailing duty investigation and the US ITC had, on
11-2-2013, held that that there was reasonable indication that the industry in
the US was materially injured by such imports.
The U.S. Department of Commerce
(DOC) in its final determination, on 13-8-2013, finding countervailable
subsidization in case of such imports, had held that two specified Indian
companies had received subsidy rates of 10.54% and 11.14%. A subsidy rate of
10.84% was assigned to all other producers/exporters in India. CVD cash deposit
@ 5.91% initially imposed, in May 2013 after the preliminary finding of DOC, on
said products from India was slightly cut down to 5.85% in August 2013.