The U.S. Department of Commerce has decided to cancel the review of countervailing duties on stainless steel flanges from India for the year 2023. This decision was due to the absence of any items from the companies in question during this review period. Initially, the companies CD Industries, Jai Auto Pvt. Ltd., and R. N. Gupta & Company Limited requested the review, but Jai Auto withdrew its request, and no import data showed any relevant entries for the other companies. As a result, no changes will be made to the existing cash deposit rates for these duties.
Simple Explanation
The U.S. Government decided not to check taxes they put on certain metal parts from India this year because they didn’t find any of these parts coming in from the companies they were going to look at. So, they’re keeping everything the same for now.