India Shrimp: Commerce Recognizes Name Change for Varma Marine
The Commerce Department is recognizing the name change and corporate reorganization of an Indian company for the purposes of an antidumping duty order on frozen warmwater shrimp from India (A-533-840), it said in a notice of the final results of…
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a changed circumstances review. The agency confirmed its preliminary finding that Varma Marine Private Limited (Varma) is the successor-in-interest to Varma Marine, saying that Varma continues to operate as the same business entity following a takeover agreement to transfer all Varma Marine assets to Varma, such that Varma operates as essentially the same business entity as Varma Marine with respect to the production and sale of subject merchandise. Commerce said that effective July 3, Varma now inherits the AD rate assigned to Varma Marine, which is currently 3.88%. (For a summary of the preliminary results of this changed circumstances review, see 2405100057.)