Critical Filing Deadline-July 28, 2008 for Many U.S. Bearing Manufacturers

Resource from: CBCC Likes:2955

Jul 24,2008

Most companies manufacturing bearings in the United States now qualify for fiscal year 2008 payouts under the Continued Dumping and Subsidy Offset Act of 2000. Payouts -- totaling hundreds of millions of dollars -- under the Continued Dumping and Subsidy Offset Act of 2000 were previously limited to only a handful of companies filing successful trade complaints. However, that restriction has been eliminated. Trade court decisions over the past year found that participation restriction on CDSOA payouts is unconstitutional. Payout eligibility now applies to virtually all bearing manufacturers in the U.S. The important qualification now is that the company must manufacture bearings covered by a specific commerce case number, where the competing imports are being hit by antidumping or countervailing duties or tariffs. The list of those qualifying CCNs and bearings is in the linked article. While filing claims is relatively simple, the instructions do take several hours to read carefully and prepare each claim under the commerce case numbers applying to different bearings. Please also note that, as a result of these trade court decisions, the ability to file CDSOA claims has been reopened, retroactive to the CDSOA program's start in 2000. The instructions are not clear about cutoff dates for filing those retroactive claims. But if you are a manufacturer qualifying for payouts, you should be gathering the information needed to file retroactively back to 2000.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Schaeffler Comment Regarding Today’s Statement of the General Works Council of Continental AG
Next PT/MC Industry Sees General Decline in Sales, Says Latest Market Outlook

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.