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DOCUENT RESUME
(U7046 - (E2627663]
[Indicators of the Effectiveness rf the Antidumping Act of
1921]. GGD-78-109; B-114898. Sepamber 5. 1978. Released
September 8, 1978. 7 pF. + 5 enclosures (58 pp.).
Report to Rep. Al Ullman# Chairman, House Committee on Ways and
Means; by Elmer B. Staats, Comptroller General.
Issue Area: International Economic and Military Programs: Relief
Frcm Import Injury and Unfair Trade Practices (612); Tax
administration: Management Information to beasare Tax
Prcgram Effectiveness and Allocate Resources (2706).
Contact: General Got .rnment Div.
Budget Function: Commerce and Transportationg Other Advancement
ani Regulation of Commerce (403).
Orgarization Cnncerned: Department of the Trcasury.
Corgressional Relevance: House Committee on Ways and Means. Rep.
Al Ullman.
Authority: Antidumping Act of 1921. Trade Act of 1974.
Responses were provided to questions concerning the
Treasury Department's adminstration uf the Antidumping Act of
1921. is of August 1, 1978, 74 findings of dumping (imports sold
at less than fair value) were in effect. Normal duties on
commodities subject to a dumping finding are deposited by
importers when entries are filed at customnjuses even though the
entry in not liquidated and dumping duties are not assessed
until several years after entry is made. Although it is
difficult to determine importers' outstanding liabilities for
dumping duties, an estimated $700 million was owed av of June 1,
1978. 7he Department often allows sales price adjustments for
quantity discounts, differences in circumstances of sales, and
differences in merchandise. The impact of pending dumping
findings on import volumes is uncertain. Bonding is used to
protect revenues due the Government, and in only one
circumstance was additional bonding mandated by the Antidumping
Act. (HTm)](ViewImageLocal?handle=hein.gao/gaobaaxwj0001&div=1&collection=&method=preview&ext=.png&size=3)