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107357 1 (1978-09-21)

handle is hein.gao/gaobadybp0001 and id is 1 raw text is: LOCUREST RESUME 07357 - [C27078161 Kdainistration of the ' t-+ of 1921. September 21, 978. 7 pp. Testimony before the House ComAittee on Ways and n,-ts. Trade Subcomm _tee; by William J. Anderson, Deputy Director, General Government Div. Contact: General Government iv. Irganization Concerned: Department of the Treasury. Cngressiunal Felevance: House Committee ca Waym arA Means: Trade L alcommittee. Authority: &ntidumplag Act of 1921. Tvo recent reports on aspects of the Antiiuxping Act of 1921 revealed the following: the test of the act's effectiveness has never been measured; dumping investigations are timely, but the assessment of dumping duties is not; dumping duty liability is large, but the precise amount is hard to determine- and the adequacy of bonding requirements for potential Aumping duties has not been tested. No studies were identified cocerning the effect of the act on import prices, but the consensu3 of Government officials, trade associations, and importers vas that antidumping proceedings create un~-ertainty in the marketplace that prompts some adjustments in prices. Since the actual assessment of dut.s is seldom done - a timely ranner, the arrival at a reli-ble estimate of importers' outstanding liabilities fcr dumping duties is difficult. By applying the dumping marqir- used by the Trsasury Departmer+t .! making its tentative dumping findings of Ie value of unliquidated entries, a rough vstimate of ubout $700 :illion owed as of June 1, 1978, is provided. The actuil dumpirg margin is determined on an entry-by-entry basis by comparing the price in the country of origin with th% price to the U.S. importer on a given day. Customs' officials claimed that no dumping duties were lost because of inalequate bonding frei October 1976 to July 1978. (RRS)

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