U.S. Customs and Border Protection (CBP) sent letters last week to qualified applicants for Byrd fund distributions indicating that $7.16 million in collected antidumping duties will be available for distribution to the shrimp industry for fiscal year (FY) 2013.
Based on revised distribution numbers released by CBP, since FY2006, $266 million in collected antidumping duties have been made available for distribution to the shrimp industry pursuant to the Continued Dumping Subsidy Offset Act (CDSOA). The amount available for distribution this year to shrimp industry claimants is the third lowest in the history of the program – above only the $6.92 million distributed in 2010 and the $5.23 million distributed in 2009.
In total, CBP again received claims from shrimp industry members of between $2.7 and $2.8 billion in qualified expenditures. The specific composition of these claims will not be known until CBP publishes its annual report on Byrd distributions.
Antidumping duties collected on imports of shrimp entered before October 1, 2007 are distributed through the Byrd program. Funds will continue to be distributed, in diminishing amounts, under the Byrd program until all litigation regarding those shrimp import entries is resolved and final duties are assessed and collected by CBP.
The total amount of duties collected and distributed is summarized in the chart below:
