Search Results for keywords:"bona fide sale"

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Search Results: keywords:"bona fide sale"

  • Type:Notice
    Citation:86 FR 11924
    Reading Time:about 6 minutes

    The Department of Commerce has found that Shanghai Sunbeauty Trading Co., Ltd. did not make a genuine sale during the review period, leading them to preliminarily decide to cancel the new shipper review of antidumping duties on mattresses from China. This decision was based on factors like sale price and quantity. Interested parties can comment on this preliminary decision by submitting briefs, and the final results of the review are expected within 90 days from this preliminary notice. If the review is finally rescinded, the relevant entries will be liquidated at the China-wide rate.

    Simple Explanation

    The Department of Commerce looked at a company in China that sells mattresses and said their big sale wasn't real, so they don't want to keep checking it. They are letting people say what they think before making a final decision.

  • Type:Notice
    Citation:86 FR 6865
    Reading Time:about 6 minutes

    The Department of Commerce announced that Jiangsu Tiangong Tools Company LTD (TG Tools) did not make a genuine sale of certain carbon and alloy steel cut-to-length plate from China during the review period of March 1, 2018, to February 28, 2019. As a result, they are canceling the administrative review. TG Tools’ sales will not have their own antidumping rate calculated and will remain subject to the higher China-wide rate of 68.27%. The decision was based on factors like the low quantity, high price, and unusual timing of a single trial sale, which didn’t reflect typical practices.

    Simple Explanation

    The U.S. government checked to see if a company in China, called TG Tools, was selling a special kind of steel at fair prices. They found out that the sale wasn't typical because it only happened once and didn't follow the usual rules, so they decided not to look into it any further.

  • Type:Notice
    Citation:86 FR 2639
    Reading Time:about 4 minutes

    The Department of Commerce announced the rescission of a new shipper review of wooden bedroom furniture from China involving the company Kunshan Jujia Decoration Design Co., Ltd. The decision was made because the sale was determined to be non-bona fide based on factors like sales price and quantity. As a result, Jujia remains part of the China-wide entity for antidumping duties, with merchandise subject to the prevailing China-wide rate. The decision follows analysis and comments from interested parties, as documented in the Issues and Decision Memorandum.

    Simple Explanation

    The Department of Commerce found out that a Chinese company named Kunshan Jujia Decoration Design Co., Ltd. sold some bedroom furniture in a way that wasn't considered fair or "real," so they decided to cancel a special trade review with them. Because of this decision, the company still has to pay a very high tax rate when selling their furniture in the U.S.