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 Suspension of New Shipper Review Provision
(08/16/2006)Title XIV of the Pension Protection Act, HR 4, passed the House and the Senate without amendment on August 3, 2006. The bill now goes to the President for final action and will be effective on the date of signature. This bill suspends the option for new shippers to bond for estimated antidumping and countervailing duties (AD/CVD). Importers must submit a cash deposit to cover the total estimated AD/CVD for merchandise exported by a new shipper. This cash deposit provision of HR 4, however, excludes new shippers from Canada and Mexico.This cash deposit provision is retroactive and applies to entries filed on or after April 1, 2006, ending June 30, 2009. The Department of Commerce will update the (AD/CVD) module to require cash deposits for new shippers.As the cash deposit provision is retroactive to entries filed on or after April 1, 2006, the Office of Field Operations is working to establish procedures for the retroactive application of the law.Questions concerning this should be directed to:Office of International TradeTrade Policy and ProgramsAD/CVD
( AD/CVD Points of Contact )
Source Document: Memorandum From: Executive Director, Trade Enforcement and FacilitationTitled: Suspension of New Shipper Review ProvisionDated: August 16, 2006 |
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