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Final decision now March 1 on PET imports anti-dumping duties
HOUSTON, January 12, 2016 (PCW) -- The US Commerce Department will announce on March 1 its final decision in a dumping case that affects packaging-grade PET imports from Canada, China, Oman and India, a department official, Tim Truman, told PCW Tuesday.
The decison had been expected in April.
A preliminary decision found that PET imports from the four countries had been dumped in the US in 2014 at less than fair value. This resulted in anti-dumping duties imposed on imports from these countries.
The duties are in the form of cash bonds that must be posted with US Customs and Border Control before shipments for the countries are cleared for entry. The bond amount varies from country to country, and in the case of China and India, from company to company. Bonds must be posted by the importer.
The final decison could reaffirm the duties, change duty rates or reverse initial rulings.
Canada and and China were the second and third largest exporters of PET to the US in 2014, respectively. -- Xavier A. Cronin