US upholds antidumping duty on two Indian shrimp exporters, raises rate on all others
The U.S. Department of Commerce (DOC) has upheld antidumping tariffs on frozen warmwater shrimp exports from two Indian companies and slightly increased the rate for all others after finalizing an administrative review.
The U.S. imposes antidumping rates on foreign shrimp imports believed to be priced below fair market value in an attempt to bolster domestic production.
The DOC’s 17th administrative review, the preliminary results of which were announced in March, investigated frozen shrimp sales into the U.S. by 187 Indian exporters between 1 February, 2021, and 31 January, 2022. The two mandatory respondents – Megaa Moda Pvt. Ltd. (Megaa Moda) and NK Marine Exports LLP (NK Marine) – received preliminary levies of 7.92 percent and 1.43 percent duties, respectively. The DOC placed dumping margins for India’s remaining 185 Indian shrimp exporters at 3.76 percent, based on the rates imposed on the two mandatory respondents.
In its final ruling, issued 28 August, the DOC maintained its duty levels against Megaa Moda and NK Marine at the same rates set in the preliminary judgment but raised duties for the other 185 Indian exporters to 3.88 percent. The imports of shrimp from the 187 investigated Indian shrimp exporters encompassed in the 17th administrative review are now subject to cash deposit requirements for antidumping duties in accordance with the rates determined by …
Photo courtesy of NK Marine Exports