US tells firms to return some of Byrd payouts

Dec 08, 2008 | 11:49 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, not just those in the steel industry, in Canada and Mexico. Payments from anti-dumping duties involving other countries are understood to be unaffected.....

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