US Producers Drop 2 Cases Seeking Delinquency Interest in CDSOA Payments
Various U.S. manufacturers dropped a pair of cases at the Court of International Trade on Dec. 5, following the U.S. Court of Appeals for the Federal Circuit's decision finding that the Continued Dumping and Subsidy Offset Act of 2000 doesn't…
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require payouts of interest assessed after liquidation, known as delinquency interest, to affected domestic producers (see 2407150031). The appellate court said earlier this year that the act doesn't require delinquency interest payments but only payments of interest that's "earned" on antidumping and countervailing duties and "assessed" under the associated AD or CVD order. The two cases -- one led by Novolex, doing business as Hilex Poly Co. and the other by Bassett Furniture Industries -- had been stayed pending the outcome of the lead case (Bassett Furniture Industries v. U.S., CIT # 19-00073) (Novolex d/b/a Hilex Poly Co. v. U.S., CIT # 19-00074).