The Hindu Business Line : US cuts dumping duty on Indian shrimp imports

Kochi, Sept. 8 With the US Department of Commerce slashing the anti-dumping duty on shrimp imports from India from 10.54 to 7.22 per cent, crores of rupees will flow back to the 47 exporters who were party to the case. Duties for their future consignment also stand slashed.

The 24 exporters, who came to a settlement with the litigant, will neither be eligible for the refund nor will they enjoy the rate reduction announced, sources in the Seafood Exporters Association of India said.

Cases were filed against 257 Indian seafood exporters by the Southern Shrimp Alliance, an association of shrimp producers in the US, who had initiated moves for imposing anti-dumping duties against India, Brazil, China, Vietnam and Ecuador.

While there were a good number of non-active exporters in the list who did not respond to the notice, most of the active exporters challenged the case.

Post-scrutiny

After perusing detailed accounts and preliminary hearings, duties had been fixed for three major exporters, Falcon Marine Exports, Hindustan Lever Ltd and Liberty Group, at 11.09, 25.42 and 4.03 per cent respectively. Taking into consideration the quantities exported by these companies, the average duty was fixed at 10.54 per cent.

After HLL, which had already exited from seafood business, and Falcon Marine made representation to the US Department of Commerce, their sales records were re-examined and the duties were brought down to 18.43 and 4.39 per cent. As a result, the average rate of duty for other Indian exporters has now been reduced to 7.22 per cent.

Meanwhile, the US has imposed additional Customs bond at 100 per cent of the duty payable on shrimp imports from India.

This is a cash guarantee collected by the US Customs against possible rise in anti-dumping duty which might be announced after the review. This has compounded the troubles of Indian exporters further. India is now awaiting the verdict of the World Trade Organisation disputes panel against the imposition of this bond.

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