Duty payments coming
By Thomas Russell -- Furniture Today, January 18, 2009
HIGH POINT — Two petitioners in the antidumping case for Chinese-made wood bedroom furniture said they stand to receive millions of dollars in import duties collected in the federal fiscal year 2008, which ended Sept. 30.
In federal regulatory filings, Stanley Furniture said it has either received or expects to receive $11 million, and La-Z-Boy said it would get $8.1 million in duties and related settlement payments for FY 2008.
U.S. Customs and Border Protection, which collects the duties, has not yet disclosed how much money it disbursed to the two companies, and 22 other petitioners, in the antidumping case in the latest year.
The duties are disbursed under the Continued Dumping and Subsidy Offset Act of 2000, which allows U.S. companies that petitioned the government to pursue antidumping cases to receive the duties collected from importers of foreign goods.
With the elimination of the Byrd Amendment in early 2006, companies only were allowed to receive the duties based on imports brought into the United States before Oct. 1, 2007. Duties based on imports after that date would go to the U.S. government.
Customs officials were not available for comment this week. But in the past they have said that some of the disbursements companies receive after October 2007 could include duty amounts based on imports that were made as far back as 2004, but were not collected or liquidated before October 2007.
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