CBP Processed $264 Million in Byrd Amendment ....

December 11, 2007

11 December 2007

CBP Processed $264 Million in Byrd Amendment Claims in 2007


This news release was issued by the US Customs and Border Protection Agency on 10 December 2007.

U.S. Customs and Border Protection paid out $264 million in fiscal year 2007 antidumping and countervailing duties to U.S. industries that petitioned the federal government for relief from unfairly traded imports that sold in the United States at less than fair value. The list of all recipients and the amounts they received is posted on CBP’s Web site.

The Continued Dumping and Subsidy Offset Act of 2000 (CDSOA), also known as the Byrd Amendment, requires CBP to disburse antidumping and countervailing duties to domestic producers injured by foreign dumping and subsidies.

Antidumping duties are imposed upon imported merchandise that the U.S. Department of Commerce has found is, or is likely to be, sold in the United States at less than its fair market value. Countervailing duties are imposed upon imported merchandise that Commerce determines benefits from actionable subsidies bestowed by a foreign government. In all antidumping cases, and in most countervailing duty cases, these duties are assessed only if the U.S. International Trade Commission determines that the imported goods cause material injury or the threat of material injury to a domestic industry.

CBP processed more than 14,000 claims during fiscal year 2007.


Topic(s): 
World Economy & Politics
Information Source: 
International News Channel / U.S. Customs and Border Protection (CBP)
Document Type: 
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