The U.S. Department of Commerce has finalized its review of countervailing duties on polyethylene terephthalate (PET) film from India, determining that certain producers and exporters received subsidies during 2022. The review concluded that changes to subsidy rates were necessary for Jindal Poly Films Limited, though no changes were made for Garware Hi-Tech Films Limited. The decision has been published and cash deposits for estimated duties will be required from the date of publication. These results and related instructions will also affect how import duties are assessed for relevant entries, with specific guidelines provided to the U.S. Customs and Border Protection.
Simple Explanation
The U.S. government looked at certain types of plastic films from India and found that some makers got help (subsidies) from the Indian government, which means they now have to pay extra taxes when selling those films in the U.S.