The seafood export industry, smarting under a 5.91 percent countervailing duty imposed by the U.S. Department of Commerce on the shrimps imported from India, is pinning its hopes on the ‘final determination’ of the duty by the U.S. authorities in September.
Both exporters and Marine Products Export Development Authority functionaries hope that the Department of Commerce will scale down the duty during the final determination, expected early September.
The Commerce Department had, in its preliminary determination, imposed the duty on 29 May on the grounds that subsidies and aid provided by Indian Government agencies amounted to ‘unfair trade practices.’
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