Search Results for keywords:"polyethylene terephthalate resin"

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Search Results: keywords:"polyethylene terephthalate resin"

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  • 2024-29111 — Polyethylene Terephthalate Resin From the Sultanate of Oman: Final Results of Antidumping Duty Administrative Review; 2022-2023
    Type:Notice
    Citation:89 FR 99830
    Reading Time:about 7 minutes

    The U.S. Department of Commerce reviewed the sales practices of OCTAL SAOC FZC, a producer/exporter from Oman, for polyethylene terephthalate (PET) resin during a specific period and found that they did not sell the product at less than normal value. As a result, OCTAL will not be subject to antidumping duties. The Department has also updated procedures for assessment and cash deposit requirements, maintaining a zero percent cash deposit rate for OCTAL and the standard rate for others if applicable. Importers must be aware of their responsibilities regarding antidumping duties to avoid extra charges.

    Simple Explanation

    In a review, the U.S. Department of Commerce found that a company called OCTAL from Oman sold plastic resin fairly, so they don't have to pay extra fees called antidumping duties. This means OCTAL can keep selling their product in the U.S. without any penalty, and companies buying from them won't have to pay extra either.

  • 2021-01801 — Polyethylene Terephthalate Resin From the Sultanate of Oman: Final Results of Antidumping Duty Administrative Review; 2018-2019
    Type:Notice
    Citation:86 FR 7361
    Reading Time:about 9 minutes

    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.