2005 CDSOA Payout Schedules By Commerce Case Number

Resource from: CBCC Likes:2954

Dec 12,2005

The U.S. Department of Customs and Border Protection has released its final report, listing how fiscal 2005 funds will be disbursed, as required by the Continued Dumping and Subsidy Offset Act of 2000. In a nutshell, the CDSOA instructs U.S. Customs to accumulate dumping duties assessed on goods found to have come into the U.S. at below-market value, replacing a system which put those duties into the general Treasury fund. Accumulating the duties over the course of a government fiscal year, those funds are then paid out to the companies in industries successfully claiming damage from that class of goods. Each year, the companies involved in the original complaints are required to file claims for their share of the dumping duties, which are then paid out as a percentage of the claimed damages. The complete 2005 Customs disbursement reports are at: http://www.cbp.gov/xp/cgov/import/add_cvd/cont_dump/ [PDF files] Note that companies have multiple listings under a single case; this is due to mergers and acquisitions taking place since the cases were originally filed. Payouts to merged companies are listed separately, although under the acquiring company's name. Timken, for example, now includes all Torrington-related claims. Payouts are scheduled to be made this month. However, some cases still have uncollected duties pending, in several instances amounting to millions of dollars. When those uncollected duties are received and processed, they will also be paid out, when received. Bearing-related payouts, in order of Commerce Case Number

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