Type:Notice
Citation:89 FR 104979
Reading Time:about 6 minutes
The U.S. Department of Commerce has amended the final results of a review on countervailing duties for phosphate fertilizers from Morocco. This amendment is due to a ministerial error where certain debt costs were not included in OCP's production costs when calculating profits for phosphate rock mining. The correction results in a revised subsidy rate. Commerce plans to inform U.S. Customs and Border Protection about these changes, affecting future import duties on these fertilizers.
Simple Explanation
The U.S. Department of Commerce fixed a mistake in how they calculated extra taxes on special fertilizers from Morocco. They forgot to include some costs, which changed the amount of tax to be collected when these fertilizers are brought into the U.S.