CIT Sustains Changed Circumstances Review in CVD Case on Argentine Biodiesel
The Court of International Trade sustained the Commerce Department's final results in a changed circumstances review on Argentine biodiesel, finding that the situation hadn't changed regarding countervailable subsidies for Argentina's biodiesel industry. Commerce based the underlying CVD order on an…
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export tax differential between Argentine biodiesel and soybeans. The Argentine government then petitioned for a CCR, arguing that the rates were now equal. In the preliminary results of the CCR, Commerce held that the tax differential had in fact changed, slashing the CVD rate for biodiesel. After new evidence was given to the agency, Commerce found the biodiesel subsidy situation to be in "flux," eventually maintaining the original CVD rate.