The US department of commerce has revised its cash deposit rate to 6.75pc for antidumping duty levied on carbon and alloy steel CTL plates from Taiwan- based China Steel. The rate was amended after US court of International trade sustained final results of redetermination pertaining to antidumping duties.
In April 2017, the US commerce department had issued a Final Determination (FD) levying 6.95pc duty on the CTL plates from China Steel. After the results of FD, ArcelorMittal, the petitioner and defendant-intervenor submitted a ministerial error allegation. The department of commerce then revised its rate and issued an Amended Final Determination (AFD) increasing the cash deposit rate to 75.42pc.
The court, however, was not in harmony with AFD and sustained commerce department’s FD in part.