International Trade Law News

U.S. Customs and Border Protection (CBP) has issued its fiscal year 2004 annual report on the Continued Dumping and Subsidy Offset Act of 2000 (CDSOA) program, commonly known as the Byrd Amendment. The three-part report contains detailed information on the disbursements made to Byrd Amendment claimants, the amount of uncollected duties in each case and the amounts contained in the clearing account for each case.

The report indicates that CBP paid more than $284 million in Byrd Amendment funds to U.S. companies during fiscal year 2004. The Timken Company, a manufacturer of bearing products, was the largest single recipient of Byrd Amendment funds, receiving payments of $39.7 million. The payments include $6.5 million related to the Torrington bearing business acquired by Timken in February 2003. Timken received Byrd Amendment payments of $54 million in 2002 and $43.75 million in 2003. Lancaster Colony Corp. collected more than $28 million in funds from the antidumping duty order on petroleum wax candles from China.

The FY 2004 CDSOA report can be found at the following link: www.customs.gov/xp/cgov/import/add_cvd/cont_dump/cdsoa_04/fy2004_annual/.