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US ITC upholds Commerce Dept. ruling on PET import duties
HOUSTON, March 31, 2016 (PCW) -- The United States International Trade Commission today determined that US industry is materially injured by imports of PET resin from Canada, China, India, and Oman that the US.
The ITC determination upholds a finding earlier in March by the US Commerce Department that imposition of duties on imports from those countries was warranted. The Commerce Department ruling needed ITC approval before becoming final.
The importers of PET from these countries are required to post a cash bond with US Customs and Border Protection before they are cleared for entry. The amount of the bond is based on a percentage, or margin, of a shipment’s value.
The ITC also ruled that goods that entered the United States from India in the 90 days prior to August 15, 2015 will not be subject to retroactive countervailing duties, and goods that entered the United States from India in the 90 days prior to October 15, 2015 will not be subject to retroactive antidumping duties.
As a result of the USITC’s affirmative determinations, the Commerce Department will issue countervailing duty orders on PET imports from China and India and antidumping duty orders on imports of PET from Canada, China, India, and Oman. – Janet Link