The U.S. Department of Commerce completed its review and found that Kumar Industries in India received unfair financial assistance from the government, which helped it export glycine to the U.S. at a lower cost. As a result, the Department has decided on a countervailing duty rate, which means Kumar will have to pay extra taxes on their glycine imports to the U.S. to offset this advantage. The review covered the period from January 1, 2022, to December 31, 2022, and the results will be published in the Federal Register, being effective from December 2, 2024.
Simple Explanation
The U.S. Department of Commerce found that a company in India, called Kumar Industries, got some help from their government, which made it cheaper to sell their product, glycine, in the U.S. To make it fair, the company will now have to pay extra money called a "duty" when they sell in the U.S.