Search Results for keywords:"cash deposit rate"

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Search Results: keywords:"cash deposit rate"

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  • 2025-03037 — Certain Softwood Lumber Products From Canada: Final Results of Countervailing Duty Changed Circumstances Review
    Type:Notice
    Citation:90 FR 10623
    Reading Time:about 5 minutes

    The U.S. Department of Commerce has determined that TRAPA Forest Products Ltd. (TRAPA) is the successor to Trans-Pacific Trading Ltd. concerning the countervailing duty order on certain softwood lumber from Canada. As a result, TRAPA will now be subject to the same cash deposit rate of 6.74% that previously applied to Trans-Pacific. This decision follows the Department's preliminary findings, and no objections were raised against it. Consequently, all shipments of applicable products by TRAPA will adopt this rate moving forward.

    Simple Explanation

    The U.S. government decided that TRAPA Forest Products is now like a new version of another company called Trans-Pacific for special trade rules about wood from Canada. This means TRAPA now has to pay the same extra tax (6.74%) on their wood that Trans-Pacific did.

  • 2025-01796 — Tapered Roller Bearings and Parts Thereof, Finished and Unfinished, From the People's Republic of China: Notice of Court Decision Not in Harmony With the Results of Antidumping Duty Administrative Review; Notice of Amended Final Results; Correction
    Type:Notice
    Citation:90 FR 8276
    Reading Time:about 2 minutes

    The U.S. Department of Commerce issued a correction to a previous notice regarding the antidumping duty order on tapered roller bearings from China. The original statement incorrectly claimed that new cash deposit instructions would be given to U.S. Customs and Border Protection for non-selected companies without a superseding cash deposit rate. The correction clarifies that since these companies have already received an updated cash deposit rate from a later review, no new instructions will be issued, and their current deposit rate remains unchanged. This update is detailed in the Federal Register published on December 31, 2024.

    Simple Explanation

    The U.S. Department of Commerce said they made a mistake in their earlier notice about rules for companies selling certain types of Chinese-made bearings in the U.S. They clarified that some companies don't need new instructions because their current rules are still good.

  • 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.