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The sixth administrative review on shrimp exports to the U.S. has fixed a 2.51 percent antidumping duty on Indian shrimp consignments, up from 1.69 percent awarded last year.

However, what is noteworthy of the latest review is that another company, Falcon Marine, has been awarded de-minimus status — they have been awarded duty of 0.5 percent or less, sources in the Seafood Exporters Association of India (SEAI) said.

Earlier, Devi Seafood had already come under the sub-minimus status. While there have been a small increase in the rate of duty for the country as a whole, SEAI sources said that it will not have any serious implication for trade.

The findings of the sixth administrative review were announced in the U.S. on 29 February and India is still to get the detailed report.

What is salutary, SEAI source pointed out, is that Indian shrimp exports to the U.S. should be out of “zeroing” at the end of the seventh administrative review period — February 2012 to January 2013.

Click here to read the full story from The Hindu Business Line >


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