Antidumping and Countervailing Duties: CBP Action Needed to Reduce Duty Processing Errors and Mitigate Nonpayment Risk

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By Kimberly M. Gianopoulos (au)
Year: 2016
Pages: 101
Binding Paperback
ISBN 978-1-4578-6359-2

Product Code: 1457863596

Description

The U.S. assesses antidumping (AD) duties on products imported at unfairly low prices (i.e., dumped) and countervailing (CV) duties on products subsidized by foreign governments. Nonpayment of AD/CV duties means the U.S. government has not fully remedied unfair trade practices and results in lost revenue. This report (1) examines the status and composition of uncollected AD/CV duties; (2) the extent to which U.S. Customs and Border Protection (CBP) has taken steps to improve its collection of such duties; and (3) the extent to which CBPassesses and mitigates the risk to revenue from potentially uncollectable AD/CV duties. The report estimates that about $2.3 billion AD/CV duties owed to the U.S. government were uncollected as of May 2015. Tables and figures. This is a print on demand report.

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