Mar 10, 2017
The US Department of Commerce has adjusted its calculations of countervailing customs duties affecting imported industrial tires from India.
The re-calculation of fees was made after ATC Tire Private filed a petition with the ministry, claiming that its calculations contain errors.
As a result, the Ministry made recalculations, and now the ATC compensation fees have been reduced from 4.9% to 4.72%, and duties for all other Indian importers have been reduced from 5.06% to 4.94%.
Compensatory customs duties applicable to Balkrishna Industries Ltd. (BKT), remained at the same level.