CCS Anti-Dumping and Countervailing Duties 2

Question 1

What is a countervailing duty (CVD) designed to offset?

Accepted Answer

Foreign government subsidies that give imported goods an unfair price advantage

Answer

Countervailing duties offset foreign government subsidies (such as grants, below-market loans, or tax benefits) provided to foreign producers, which artificially lower the cost of their exports to the U.S.

Question 2

Which of the following would most likely qualify as a countervailable subsidy in a CVD investigation?

Accepted Answer

A foreign government providing below-market-rate loans to an exporter

Answer

Below-market-rate government loans constitute a financial contribution that confers a benefit on the recipient, making them countervailable subsidies under U.S. CVD law.

Question 3

What is a 'sunset review' in the context of anti-dumping and countervailing duty orders?

Accepted Answer

A five-year review to determine whether revoking an order would lead to recurrence of dumping or injury

Answer

Sunset reviews, conducted every five years, determine whether revoking an AD or CVD order would likely lead to continuation or recurrence of dumping or subsidization and material injury to the U.S. industry.

Question 4

What is an 'administrative review' in the anti-dumping duty process?

Accepted Answer

An annual review by DOC to determine actual dumping margins for specific exporters and set final duty assessments

Answer

Administrative reviews, conducted annually by DOC upon request, calculate actual dumping margins for specific exporters during the review period and establish the duty rates for final assessment of entries covered by that period.

Question 5

What does 'de minimis' mean in the context of anti-dumping duty investigations?

Accepted Answer

A dumping margin below 2% which is treated as zero and results in no AD duty order

Answer

In AD investigations, a dumping margin of less than 2% is considered de minimis (negligible), so no anti-dumping duty order will be issued; for CVD cases, the de minimis subsidy rate threshold is less than 1%.

(CCS) Certified Customs Specialist Practice Test

(CCS) Certified Customs Specialist Practice Test

CCS Anti-Dumping and Countervailing Duties 2