The ITC published their decision this morning in Volume 67, No. 99 of the Federal Register, determining that no retroactive actions will be taken, and that Single Entry Bonds tendered will be negated and that any cash deposits will be refunded. However, their publication also requires that U.S. Customs collect CVD/AD duties for shipments that were released/crossed the border for entry into the Commerce of the U.S. after 12:00 midnight East Coast Time last night. This equates to 9:00 p.m. West Coast Time or the applicable time zone in which the shipment crossed the border.

We cannot emphasize enough the importance of attention to detail with regard to the production of your U.S. Customs documents. In order to subtract your allowed deductions prior to calculating duty liabilities, each deduction must be clearly and separately itemized on your invoices. Deductions consist of: U.S. Customs Brokerage, Freight Incidental to the International Shipment, Freely Offered Discounts and Duty when included in the "Delivered Price". In order to deduct the duty, you must divide the applicable CVD/AD duties into the subtotal arrived at after the previous deductions – adding 100% to the figure, i.e., 127.2%.

Canadian Wholesalers will want to take advantage of the Nissho Iwai’s case, allowing declaration of the price they paid the mill – when fulfilling an order previously taken from their U.S. Customer. Please see our previous Trade Notices to this regard.

We must be in receipt of your written instructions as to payment arrangements prior to our effecting final "Entry Summary" for "Releases" effected this date.

We will be providing further advisories that could possibly have been included here, except that we fully understand the information with regard to the publication date takes precedent and must be gotten out to our clients and colleagues as soon as possible.

Sincerely,

Michael D. Jones, President