U.S. Customs and Border Protection (CBP) has issued two ABI administrative messages announcing that its most recent Harmonized System (HS) updates contain:
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.
The International Trade Administration (ITA) has issued a preliminary negative antidumping (AD) duty determination on bottle-grade polyethylene terephthalate (PET) resin from Taiwan as the preliminary dumping rates for Far Eastern Textile Ltd. (Far Eastern) and "all others" firms are both 0.09%, which is de minimis.
The International Trade Administration (ITA) has amended its final results of the antidumping (AD) duty new shipper review of certain preserved mushrooms from China for the review period of February 1, 2002 through January 31, 2003.
U.S. Customs and Border Protection (CBP) has issued messages on a number of antidumping (AD) and countervailing (CV) duty actions, many of which (marked by an * in the action column) were previously published in the Federal Register by the International Trade Administration (ITA) and summarized in International Trade Today.
The International Trade Administration (ITA) has issued its preliminary results of the antidumping (AD) duty changed circumstances review of polychloroprene rubber from Japan to determine whether Showa Denko K.K. (SDK) is the successor-in-interest company to the joint venture of Showa DDE Manufacturing K.K. (SDEM) and DDE Japan Kabushiki Kaisha (DDE Japan) (collectively, the SDEM/DDE Japan joint venture).
On October 22, 2004, President Bush signed into law the conference version of H.R. 4520, the American Jobs Creation Act of 2004, legislation that would, among other things, repeal the Foreign Sales Corporation/Extraterritorial Income Exclusion Act (FSC/ETI) tax regime, extend the Merchandise Processing Fee (MPF) and other user fees, etc.
Effective September 1, 2004, the International Trade Administration (ITA) is revoking the antidumping (AD) duty order (also referred to as a "finding") on melamine in crystal form from Japan as no domestic party responded to the five-year sunset review notice of initiation by the applicable deadline.
Customs and Border Protection (CBP) has posted to its Web site its instructions for the global tariff rate quotas (TRQs) for specialty sugar.
Effective October 21, 2004, the International Trade Administration (ITA) is revoking the antidumping (AD) duty order on anhydrous sodium metasilicate from France as no domestic party responded to the five-year sunset review notice of initiation by the applicable deadline.
On October 8, 2004, the House of Representatives passed the conference version of H.R. 1047, the Miscellaneous Trade and Technical Corrections Act of 2004. According to Congressional sources, the Senate is expected to consider the conference version of H.R. 1047 in mid-November 2004, when it returns after the election.