CIT Says CBP Right Not to Payout Delinquency Interest Under CDSOA
CBP properly denied payouts of interest assessed after liquidation, known as delinquency interest, for collected antidumping and countervailing duties under the Continued Dumping and Subsidy Offset Act of 2000, the Court of International Trade said in a series of three…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
nearly-identical opinions. Judge Timothy Stanceu ruled that it must revert to step two of the Chevron analysis to rely on CBP's interpretation of how to administer the CDSOA and define how interest is earned on AD/CV duties. The court also held that given that the interest is put into a single sum after liquidation, it loses its "individual character" and is no longer interest earned on the duties.