The U.S. Department of Commerce (Commerce) has issued the Final Results of the twelfth administrative review of the antidumping duty order on certain frozen warmwater shrimp from India. In that administrative proceeding, Commerce looked at imports of Indian shrimp that entered the United States between February 1, 2016 and January 31, 2017.
Commerce individually reviewed the sales of two Indian shrimp producer/exporters, Devi Fisheries Limited and the Liberty Group for that time period. Based on the agency’s investigation, Commerce concluded that the Liberty Group had not dumped shrimp into the U.S. market during that 2016-2017 timeframe, but that Devi Fisheries Limited had a weighted-average dumping margin of 1.35%. The 1.35% dumping margin was also applied to all others Indian producer/exporters that were subject to the review.
Currently, because of the Final Results of the eleventh administrative review published in the Federal Register in September 2017, the Indian producer/exporter Falcon Marine Exports Limited is not subject to any cash deposit rate, while the other Indian producer/exporters that were subject to that review have a cash deposit rate of 0.84%. Once notice of the Final Results of the twelfth administrative review is formally published in the Federal Register next week, the Liberty Group will no longer be subject to a cash deposit requirement, but further imports from all other Indian producer/exporters subject to the twelfth administrative review will have an increased cash deposit obligation of 1.35%.
Through the first five months of this year, non-breaded frozen warmwater shrimp imported from India had an average unit value (AUV) of $4.34 per pound. Using this AUV as a proxy for the value of Indian shrimp, a 1.35% cash deposit rate is the equivalent of a six cent per pound assessment on Indian shrimp imports.
Review the pre-publication Federal Register notice for the Final Results of the twelfth administrative review of the antidumping duty order on certain frozen warmwater shrimp from India here: https://www.shrimpalliance.com/wp-content/uploads/2018/07/India-Final-Results-PrePub-Fed-Reg-Notice.pdf