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Diane Publishing Books
Antidumping and Countervailing Duties: CBP Action Needed to Reduce Duty Processing Errors and Mitigate Nonpayment Risk
Kimberly M. Gianopoulos (au)
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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