United States Department of Commerce plans to impose 3.76% tariff on 185 Indian shrimp exporters

The United States Department of Commerce plans to impose a tax rate of 3.76% on 185 Indian shrimp exporters in the 17th administrative review. These exporters are mainly engaged in the export trade of warm water shrimp and frozen shrimp.

This review evaluates the sales of frozen shrimp from 187 exporters in India from February 1, 2021 to January 31, 2022. In the preliminary conclusion, the United States Department of Commerce said that some frozen shrimp products from India had been sold to the US market at prices lower than the normal value. The two mandatory defendant companies are Megaa Moda PVT. Ltd and NK Marine Exports LLP, with initial tax rates of 7.92% and 1.43%, respectively. Based on the tax rate applicable to the two mandatory defendants, the dumping margin for the remaining 185 Indian companies is 3.76%. These profit ratios are higher than the final results of the 16th administrative review, including the period from February 1, 2020 to January 31, 2021. In that review, the profit margin of LNSK Green House Agro Products LLP remained at 0%, while Royal Imports and Exports and 161 other Indian shrimp exporters were taxed at 3.01%.