Commerce proposes hike in shrimp duties for India, lowers Vietnamese rates across the board

06/03/2015 12:00 - 481 Views

The Commerce Department raised most antidumping duty rates for Indian shrimp exporters but lowered those for Vietnamese exporters in its ninth preliminary review.

The review period covered entries of frozen shrimp products between Feb. 1, 2013, and Jan. 31, 2014.

For India, commerce calculated antidumping rates of 3.28% for Devi Fisheries, 2.63% for Falcon Marine and an average rate of 2.96% that it assigned to more than 200 Indian exporters subject to the review.

Commerce's preliminary adjustment for Devi and the country-wide rate was higher than the department's final determination in its eighth review. Those rates were 1.97% and 2.49%, respectively. Falcon Marine was the only Indian exporter to get a lower rate from its 3.01% final duty in the eighth review.

By contrast, the Vietnamese rates were adjusted downward across the board. The shrimp duty rates were calculated at 1.50% for Minh Phu Group, 0.00% for Fimex VN and 1.06% for Thuan Phuoc.

Furthermore, it calculated and preliminarily assigned an average rate of 0.93% to all non-selected Vietnamese exporters that demonstrated their entitlement to a separate rate. In it's eighth review Vietnam assessed the country-wide rate at 6.36%. Minh Phu's previous rate was set at a higher 4.98% rate.

These rates are only preliminary.

There will be no immediate effect since rate changes only apply after the final results of an administrative review are determined.

It is possible for preliminary rate assessments to be adjusted higher or lower between the preliminary and final determination. One example is that Commerce may change the data based on verification findings, or if errors are found in the preliminary calculations. Any changes to methodology based on proposed arguments can also change the rates.

Source: Under Current News