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Wednesday, Dec 22, 2004

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Agri-Biz & Commodities - Aquaculture

Shrimp exports to US: HLL to pay lower dumping levy

Our Bureau

Kochi , Dec. 21

THE US Commerce Department has imposed a final anti-dumping duty of an average 9.45 per cent on shrimp imports from India.

Seafood exporters in the country got a breather, as the final levy is lower than the 14.2 per cent duty the Department had announced in its preliminary determination in the anti-dumping investigation. The US Department announced a duty of 13.42 per cent on HLL, 5.02 per cent on Devi Seafoods and 9.71 per cent on Nekkanti Seafoods, while slamming 9.45 per cent on other Indian exporters. HLL benefited out of the final rate, as its new duty is just about half the previous rate of 27.49 per cent announced in the preliminary determination.

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