News

                 KOCHI, DEC. 30:THE US  Department of Commerce (USDC) and the US International Trade Commission (ITC) have decided to undertake two reviews-the Fifth Administrative Review and the Sunset Review-next year of the anti-dumping duty imposed on Indian shrimps.

                The Sunse Review will be anounced by next month, followed by the Fifth Administrative Review in February.

                 The Sunset Review, supposed to be the last of the anti-dumping duty reviews, will examine details of the export of marine products to the US since the last five years, starting 2004, It will examine the export performance of various Indian companies, especially the mandatory respondents  selected by USDC.

               Exporters expect the final verdict of the reviews to be favourable to them and the anti-dumping duty withdrawan fully or reduced to a nominal level.

              Exporters also expect the preliminary results of the ongoing fourth administrative review to be released by this month-end.

             It may be recalled that the average  duty on Indian shrimps had been reduced to 0.79 per cent in the third administrative review in July 2009.