CBP Posts FY2016 Byrd Collections and Payouts

December 5, 2016 |Customs

CBP posted its fiscal year 2016 Continued Dumping and Subsidy Offset Act (also known as the "Byrd Amendment") annual report. Among other things, CBP lists almost $7.5 million in antidumping or countervailing duties that are awaiting collection and then disbursement, which will occur in the year in which the monies are received. That's a major change since the FY 2015 report, which listed $74.8 million in uncollected duties. CBP didn't immediately comment.

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This report contains three sections:

Uncollected Duties for FY 2016. This report lists the amount of uncollected duties on each case as of Sept. 30. Only uncollected duties on entries filed prior to Oct. 1, 2007, that liquidated during Fiscal Year 2016 appear on this report. The total listed for AD/CV duties is $7.49 million. This section is (here).
FY 2015 Clearing Account Balances as of Oct. 1, 2016. This report lists the amounts contained in the Clearing Account for each CDSOA eligible case. These amounts represent estimated antidumping and countervailing duties filed with the entry prior to Oct. 1, 2007. These are preliminary numbers and may be refunded at liquidation to the importer of record based upon Commerce’s final determination on the case, which may not occur during the current year. Funds do not transfer from the Clearing Account to the Special Account for CDSOA distribution until liquidation occurs. The Clearing Account does not include additional duty assessed at liquidation or reliquidation. The total listed for AD duties is $29.4 million and the total listed for CV duties is $1.65 million. This section is (here).
Funds Withheld in Special Account. CBP is withholding $935,445.83 related to ongoing litigation, it said (here).