The International Trade Administration (ITA) has initiated new shipper reviews for the antidumping (AD) duty order on wooden bedroom furniture from China with respect to the following companies, each of which is both the exporter and producer, and review period:
Customs Duty
A Customs Duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs Duty Rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight.
CBP Announce Early September 8, 2005 Opening of FY 2006 Refined Sugar TRQ (Due to Hurricane Katrina)
U.S. Customs and Border Protection (CBP) has posted to its Web site notice that the global refined and specialty sugar "low duty" tariff rate quota (TRQ), which normally would open on October 1, 2005 for fiscal year (FY) 2006, will instead open early, on September 8, 2005, at 1:00 pm E.D.T. or its equivalent in other time zones, on a first come, first served basis.
The Wall Street Journal reports that Mexico and the U.S. could be on the verge of solving a 15-year dispute over U.S. antidumping (AD) duties on Mexican cement. The article reports that a possible settlement comes amid growing political pressure in the U.S. to increase cement imports to help alleviate shortages. (WSJ dated 08/29/05, www.wsj.com.)
The International Trade Administration (ITA) has issued a notice announcing the opportunity to request administrative reviews by September 30, 2005 for individual producers or exporters subject to the following antidumping (AD) and countervailing (CV) duty orders:
U.S. Customs and Border Protection (CBP) has posted to its Web site a trade update regarding Hurricane Katrina, highlights of which are provided below:
According to an Internal Revenue Service (IRS) press release, the interest rates for the first quarter of fiscal year (FY) 2006 (October 1, 2005 - December 31, 2005) for overpayments and underpayments of Customs duties are:
The publication Seaports Industry Update has issued an initial assessment of port conditions in New Orleans, dated August 31, 2005, after the impact of Hurricane Katrina. The initial assessment lists specific wharfs and facilities, with a note from the President and CEO of the Port of New Orleans stating that "The outcome is not good, and it has been aggravated by unexpected flooding following the storm. Yesterday I thought the damage could have been worse, but today I'm not so sure." Seaport Industry Update, dated 08/31/05, available by fax by emailing documents@brokerpower.com )
The International Trade Administration (ITA) is amending its 1999 final affirmative countervailing (CV) duty determination on certain cut-to-length plate from Italy, as there is now a final and conclusive court decision affirming the ITA's remand determination for this litigation.
According to U.S. Customs and Border Protection (CBP) sources and a CBP General Notice, due to the extended liquidation cycle for antidumping (AD) and countervailing (CV) duty entries, CBP is only now beginning to receive liquidation instructions from the Department of Commerce for many AD/CV entries from previous years that are now the subject of final results of AD/CV administrative reviews, court decisions, etc.
CBP has issued an ABI administrative message announcing that, due to Hurricane Katrina, the New Orleans office will be closed until further notice. CBP states that if the trade needs assistance with the electronic interface systems (ABI, AMS, AES, RLF, QP, etc.) they should call the following numbers: Los Angeles (562) 366-5593; Washington, DC. (202) 344-1140; and Miami (305) 869-5674, (305) 869-8682, and (305) 869-5748. (Adm: 05-1014, dated 08/29/05, available at http://www.brokerpower.com/cgi-bin/adminsearch/admmsg.view.pl?article=2005/2005-1014.ADM.)