The U.S. Department of Commerce has amended the final results of an administrative review involving Nagase & Co., Ltd. related to the antidumping duty on glycine from Japan for the period between October 31, 2018, and May 31, 2020. This amendment comes after a settlement agreement was reached between Nagase and the United States, which resolves a legal dispute that had previously been appealed up to the U.S. Court of Appeals for the Federal Circuit. As part of the settlement, Commerce will instruct U.S. Customs and Border Protection to liquidate entries of the glycine at certain rates determined by the agreement. The existing cash deposit rates will not be revised due to a superseding review determining different rates.
Simple Explanation
The U.S. and a company from Japan agreed to change some past rules about a special product called glycine, making sure the rules are fairer. They're deciding how much money the company should pay when bringing glycine into the U.S., but this won't change the current amount they have to pay for future shipments.