CSMS #47098953 announced the initiation of a less-than-fair-value and countervailing duty investigations on Organic Soybean Meal from India. Certified organic soybean meal subject to this investigation has a protein content of 34 percent or higher.
Dumping is when foreign manufacturers sell goods in the United States for less than what is deemed to be fair market value. Antidumping duty (ADD) is a tariff rate that is levied to level the playing field for U.S. industry.
Countervailing duty (CVD) cases are similar to antidumping cases, but are established when foreign governments provide assistance, such as subsidies and tax breaks, to manufacturers that export into the U.S. market. These cases are country specific.
ADD and CVD cases are initiated when U.S. businesses file petitions with the International Trade Commission (ITC) claiming that financial injury is occurring as a result of these practices. If the ITC finds substantiating evidence, The Department of Commerce (DOC) will conduct an investigation.
These investigations have been assigned the following case numbers: A-533-901 and C-533-902.
If your company imports these products to the United States, please contact transitionus@willsonintl.com