🛞Amended Countervailing Duty Results for OTR Tires from India
Certain New Pneumatic Off-the-Road Tires From India: Amended Final Results of Countervailing Duty Administrative Review; 2022
Summary
The U.S. Department of Commerce (Commerce) is amending the final results of the administrative review of the countervailing duty (CVD) order on certain new pneumatic off-the-road tires (OTR tires) from India to correct ministerial errors. Based on the amended final results, we find that ATC Tires Private Limited (ATC) sold OTR tires in the United States at less than normal value during the period of review (POR), January 1, 2022, through December 31, 2022.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$ - Med
The amended final results involve corrections of countervailing duty margins for Indian OTR tire manufacturers, which can affect pricing, import strategies, and compliance for U.S. businesses importing these products. Executives must consider the new duty rates and potential cash deposit requirements in their financial planning and supply chain strategies.