- Created: Friday, 12 February 2016 09:26
Anti-dumping Duties and / or Countervailing Duties may soon be assessed on importations of “New Pneumatic Off-the-Road Tires From India, the People’s Republic of China and Sri Lanka” into the USA.
On February 3, 2016, the Department of Commerce initiated its less-than-fair-value and countervailing duty investigations on “New Pneumatic Off-the-Road Tires” from India and the People’s Republic of China (PRC), as well as a countervailing (subsidizing) duty investigation on the same merchandise from Sri Lanka.
What Are Anti-dumping (AD) & Countervailing (CVD) Duties?
Dumping occurs when a foreign producer sells a product in the United States at a price that is below that producer's sales price in its home market, or at a price that is lower than its cost of production. Subsidization occurs when a government provides financial assistance to benefit the production, manufacture, or exportation of a good.
More information and FAQ’s on the process of the investigation can be found at:
Description Of Tires Covered In The Investigation:
What Do You Need To Do?
In this stage of the process, interested parties have the opportunity to comment on the scope of the proceeding. Information on how and where to file comments, as well as the deadline for filing such comments, can be found in the above link.
If a positive injury decision is reached, duty rates are often substantial. They are dependent on the degree of injury caused by the dumping or subsidizing of the good. For this reason, it is important that you keep up to date on the issue. Cole will continue to monitor the situation and publish updates as they are received.
Contact: Cole International USA, Inc.
222 South - 5 Street
Pembina, North Dakota
PO Box 155
Portal, North Dakota
|Port Huron / Detroit Branch
803-B 10 Avenue
Port Huron, Michigan
115 Central Avenue
2094 Grand Island Boulevard
Grand Island, New York
42, 100 Walnut Street
Champlain, New York
441 Peace Portal Drive
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