US Announces New Penal Tax On Vietnam Catfish
US Announces New Penal Tax On Vietnam Catfish
The US Department of Commerce (DOC) has slapped temporary punitive duties on tra and basa catfish imported from Vietnam based on a 2004 anti-dumping case.
It announced the decision after the third administrative review with a final report set to be released within 120 days, according to the Vietnam Association of Seafood Exporters and Producers.
The tariffs will apply to tra and basa shipped to the US between August 1, 2004 and July 31, 2006.
The average tax is set at 63.88 percent though the rate for individual companies might be amended later.
But the Can Tho Agriculture and Animal Products Import-Export Co (CATACO) will have to pay 80.88 percent because it failed to meet the DOC’s requirements during the investigation.
East Sea Seafoods Joint Venture Co., Ltd has been exempt from the tax since it was not implicated in the dumping case.
Nine other companies that did not export in 2005-06 too have escaped the tax.
These consist of Ben Tre Forestry and Aquaproduct Import-Export Company; Thuan Hung Co., Ltd; Hung Vuong Co., Ltd; United Seafood Packers Co., Ltd; Nam Viet Joint Stock Company; Van Duc Foods Export Joint Stock Co; Phu Thuan Company; Vietnam Fish-One Company; and Sadec Aquatic Products Import-Export Enterprise.
The US began the anti-dumping action against catfish imports from Vietnam in 2002.
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