US to raise antidumping duty on Indian shrimp exporters
The U.S. Department of Commerce (DOC) plans to continue to impose a 3.76 percent tariff on 185 Indian shrimp exporters, following the preliminary results of its 17th administrative review of the antidumping duty order on frozen warmwater shrimp from India.
The review investigated frozen shrimp sales into the U.S. by 187 exporters from India between 1 February, 2021 and 31 January, 2022.
In its preliminary conclusion, the DOC said some frozen shrimp from India was sold into the U.S. market at less-than-normal value. The two mandatory respondents, Megaa Moda Pvt. Ltd. (Megaa Moda) and NK Marine Exports LLP (NK Marine), were preliminarily levied 7.92 percent and 1.43 percent duties, respectively. The dumping margin for the remaining 185 Indian companies was 3.76 percent, based on the rates imposed on the two mandatory respondents.
These margins are higher than the rates levied in the final results of the 16th administrative review, which covered the period between 1 February, 2020 and 31 January, 2021. In that review, the margin for LNSK Green House Agro Products LLP was kept unchanged at zero percent, while Royal Imports and Exports and other 161 Indian shrimp exporters were imposed a 3.01 percent rate.
The 15th administrative review, covering 1 February, 2019 to 31 January, 2020, set the levy rate for 152 indian shrimp exporters at 7.15 percent.
If the dumping rate of 3.76 percent is kept in the final result of the 17th administrative review, it will be the fourth-highest duty the DOC has ever imposed on Indian shrimp exporters’ sales into the U.S. since the start of the reviews in 2007, according to the Southern Shrimp Alliance.
India has been the top shrimp exporter by volume to the U.S. since 2013. It shipped 303,574 metric tons (MT), or 669 million pounds, of shrimp to the U.S. in 2022, down from 2021, when it exported 340,892 MT, or 752 million pounds, to the U.S.
However, a higher antidumping duty could ...
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