India Shrimp: Commerce Set to Recognize Elque & Co.'s Name Change
The Commerce Department looks set to recognize an Indian company’s name change and corporate reorganization for the purposes of antidumping duties on frozen warmwater shrimp from India (A-533-840). The agency preliminarily found Elque Ventures Private Limited (EVPL) is the successor-in-interest to Elque & Co., in the preliminary results of a changed circumstances review. The agency preliminarily found Elque & Co. became part of Elque Ventures Private Limited when EVPL took over the assets of Elque & Co. under an agreement between the two entities. EVLP demonstrated that the combined company continues to operate as the same business entity, with the same board and same production facilities, as when it was Elque & Co.
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If Commerce confirms its finding in the final results, EVLP will inherit the AD rate assigned to Elque & Co., which was previously determined to be part of the Elque Group (consisting of Calcutta Seafoods Pvt. Ltd., Bay Seafood Pvt. Ltd., and Elque & Co.), i.e., 3.88%.