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Chinese producer Rise Furniture withdraws review request
07/01/2010 12:00
Will retain 216% antidumping duty rate
WASHINGTON — The U.S. Department of Commerce has agreed to rescind a new shipper review for Chinese wood bedroom producer Rise Furniture Co. Ltd.
As a result, Rise will retain its all-China duty rate of 216% for wood bedroom furniture shipments from Jan. 1 through July 30, 2009.
The new shipper review allows a company an opportunity to receive a more favorable antidumping duty rate on wood bedroom furniture shipments imported to the United States. To receive this review, a company must undergo an extensive analysis of its shipment activity for a given period.
Rise Furniture initially sought a new shipper review last July. However, by November it decided to terminate its request for a review.
The DOC normally requires a company withdraw its request within 60 days. But it extended the deadline in this case because it had not devoted significant resources to the actual review of Rise's bedroom shipments.
WASHINGTON — The U.S. Department of Commerce has agreed to rescind a new shipper review for Chinese wood bedroom producer Rise Furniture Co. Ltd.
As a result, Rise will retain its all-China duty rate of 216% for wood bedroom furniture shipments from Jan. 1 through July 30, 2009.
The new shipper review allows a company an opportunity to receive a more favorable antidumping duty rate on wood bedroom furniture shipments imported to the United States. To receive this review, a company must undergo an extensive analysis of its shipment activity for a given period.
Rise Furniture initially sought a new shipper review last July. However, by November it decided to terminate its request for a review.
The DOC normally requires a company withdraw its request within 60 days. But it extended the deadline in this case because it had not devoted significant resources to the actual review of Rise's bedroom shipments.
Thomas Russell -- Furniture Today, January 5, 2010
Source: www.furnituretoday.com
Source: www.furnituretoday.com
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