April 08, 2009

China Anti-Dumping Duties Never Paid?


A lawsuit filed at the federal US Court for International Trade alleges that for six years the Customs & Border Protection Agency did not collect anti-dumping duties due on Chinese imports of honey, garlic, mushrooms, and a few other food items. The suit wants damages from Customs, Commerce and a bevy of insurance giants including AIG and Hartford for issuing customs surety bonds guaranteeing payment of the anti-dumping duties. This will be an interesting case to watch and could reveal much about Customs treatment of anti-dumping rules and the trade finance underlying some Chinese trade...

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