The Department of Commerce has finalized its review of an antidumping case involving polyethylene terephthalate resin (PET resin) from Oman, determining that OCTAL SAOC-FZC sold this product in the U.S. at prices below normal value from May 1, 2018, to April 30, 2019. Based on the changes made since the preliminary results, the Commerce Department disclosed certain expenses and corrected calculations, leading to assigning specific dumping margins for the reviewed period. Additionally, they set cash deposit rates and outlined instructions for assessing duties and notifying importers. These results and requirements were published on January 28, 2021, in the Federal Register.
Simple Explanation
The Department of Commerce found that a company in Oman sold a special type of plastic to the U.S. for less than its usual price, so now the company has to pay extra fees or taxes to make it fair. This rule helps U.S. businesses by making sure that everyone plays by the same rules.