The Requested Administrative Review of Antidumping Duty Order (ADO) on imported articles of Stainless Steel Sheet and Strip originating from People’s Republic of China’s between September 2016 – March 2018 has been rescinded by Department of Commerce.
Hans-Mill Corporation and C.Y. Housewares (Dongguan) Co. Ltd, were the entities that requested the Administrative Reviews of their imports back in April of 2018, and withdrew those requests in the 90 day time frame, in order to cancel review. The Administrative Review request by the two named companies of all 152 companies that were listed in the review request will not receive the review, due to the withdrawal of the request.
The importers are responsible for the filing of forms regarding reimbursement of antidumping duties before the liquidation of the entries that were covered by the review, during the review’s period.
Consumers and Commercial Entities in the United States enjoy a government that supports and is involved in business environment to a limited extent. The not so exciting side of Regulations is that they increase Costs, Capital Required and Barriers to Entry which creates difficulty for entrepreneurs and challenge for some commercial participants. Regulations also increase quality, safety, competition, community and technological development, and fairness.
More over, it is important that entrepreneurs and businesses understand the impacts some government actions will have on their business. If you sell an article and a duty is placed on those articles from your supplier, you will see an extra step in importing and distribution, a slightly higher cost per item, and lower margin. Further, If you are a domestic producer and favored imports receive a Less Than Fair Value (LTFV) or ADO, the increase costs on those import can present opportunity for your firm. to remain competitive.
Currently Steel imports from the entities specified in the rescinded review will not receive any further duties. Stainless Steel sheets. This raw material is important for the production of restaurant kitchen storage and preparation containers, architecture and construction projects, structural components in automotive, aircraft manufacturing, medical components for surgery, and energy facilities.
Regulation Regular comments on actions of government agencies with an explanation and examination for stratagem or opportunity.
In an effort to find opportunity for entrepreneurial and investment efforts, I have begun to monitor more actions from governmental agencies regarding regulations. This segment aims to highlight interesting developments in the business environment including competitors, regulations, or interesting occurrences.
THIS IS NOT LEGAL ADVICE. THIS IS COMMENTARY ON REGULATION.
Regulations can be a source of opportunity, as they make a major part in the determination of barriers to entry. An industry or practice is difficult to enter if there is a significant amount of regulative procedures and requirements, versus when restrictions are removed an opportunity may be presented. In this way we are doing our small part to encourage an informed people.
We start from modest beginnings but continue to identify, develop, and research opportunity and strategy for entrepreneurs, to better develop business ideas.