US seeking return of some Byrd payouts

Dec 08, 2008 | 10:24 AM | Diana Schwaeble

The U.S. Customs and Border Protection's revenue division has sent a letter to companies requesting the return of funds received under the Continued Dumping and Subsidy Offset Act, commonly known as the Byrd Amendment, according to a source knowledgeable about the situation.

The letter was said to be targeted at payouts that resulted from anti-dumping duties collected from all manufacturers in Canada and Mexico, not just those in the steel industry.

The companies apparently have been told to pay back the funds received by the end of the year.....





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