DOC rescinds audit on 50 Chinese producers
Thomas Russell -- Furniture Today, October 7, 2013
WASHINGTON - The U.S. Department of Commerce has rescinded an annual audit of 2012 shipments for about 50 Chinese wooden bedroom producers.
The audit, also known as an administrative review, determines whether the factories' shipments should be assessed at the same initial cash deposit rate they received for the calendar year. The deposits would cover the antidumping duties on the product.
The names of the 50 factories can be seen on the Federal Register website, at this link: http://www.gpo.gov/ fdsys/pkg/FR-2013-10-02/ pdf/2013-24113.pdf
The DOC said it received timely requests to drop the annual reviews of these factories, which also had previously received separate rate status. In many cases, this separate rate status is a relatively low rate of around 7.24%.
The DOC also revealed the names of another 88 factories that will continue to be assessed at the All-China rate of 216%. These factories, also identified in the above link, either have not been reviewed previously or did not prove their eligibility for a separate rate.
The duties are applied to the Chinese factories, but paid by importers of record. This has a direct impact on the wholesale price of finished goods and what consumers ultimately pay for those products.
The duties, which have been in effect since early 2005, are the U.S. government's way of dealing with unfairly priced imports. These imports are often deemed to fall below raw materials prices, a violation of international trade laws.