US cut in anti-dumping duty on shrimps to boost exports

The United States, the largest importer of Indian shrimps, has pegged its preliminary anti-dumping duty on the perishable item at an average rate of 1.07 per cent.The US commerce department has announced the preliminary determinations in the ongoing 11th administrative reviews of the anti-dumping duty orders against frozen warm water shrimp from India and Thailand. The period of review (POR) was February 1, 2015, through January 31, 2016. The new rate applies to 229 Indian producers/exporters not selected for individual examination, sources said.Meanwhile, the review-specific average duty in the 11th round was lower from the final tenth review rates, exporters said. The final duty for 2014-15 was 2.20 per cent. "Because of the duty being lowered, a lot of major exporters will stand to get duty refunds which will be a big boost for the exports", said Rajen Padhy, director general of Utkal Chamber of Commerce and Industry and a seafood consultant.USA is the major importer of Indian ...