Kochi Jan. 12 The seafood export community is gearing up for the sunset review on US anti-dumping duty for Indian shrimp.
The sunset review is to determine whether continuing shrimp imports into the US from countries such as India, Brazil, China, Thailand and Vietnam would lead to recurrence of material injury to the domestic shrimp industry there within a foreseeable period of time.
With the two-pronged sunset review on anti-dumping duty for Indian shrimp imports into the US getting under way, Indian exporters will have to respond to enquiries from two entities: the US Department of Commerce and the US International Trade Commission.
While the US Department of Commerce will examine the export practice of individual exporters, the ITC will scrutinise the practice of the industry as a whole, sources in the Seafood Exporters Association of India (SEAI) said.
Written submission
The exporters will have to give their written submissions to the US Department of Commerce on February 3, which is a month's time from the official notification of the sunset review.
The responses have to come from exporters who constitute a minimum 50 per cent of the total shrimp exports to the US during the last five years.
After examining the responses from the export community, it is quite possible that the US Department of Commerce will choose some principal respondents for conducting further and more detailed enquiry.While the two US bodies will conduct their enquiries separately, the anti-dumping duties can be revoked if either one of them finds that the revocation of duties will not lead to further material injury to the US shrimp industry.
With the US slashing anti-dumping duties for Indian shrimp from 10.17 per cent after first original review five years ago to 0.79 per cent today, seafood exporters were gearing up for what could be the final assessment through the sunset review.
Source : Business Line