Stanley Furniture ja CDSOA-maksut
“Certain manufacturers who did not support the antidumping petition (“Non-Supporting Producers”) filed actions in the United States Court of International Trade challenging the CDSOA’s “support requirement” and seeking to share in the distributions. As a result, Customs held back a portion of those distributions (the “Holdback”) pending resolution of the Non-Supporting Producers’ claims. The Court of International Trade dismissed all of the actions of the Non-Supporting Producers, who appealed to the United States Court of Appeals for the Federal Circuit…
On March 5, 2012, the Federal Circuit denied the motions for injunction, “without prejudicing the ultimate disposition of these cases.” As a result, we expect to receive a CDSOA distribution of approximately $40 million after March 9, 2012, based on our allocation of the CDSOA funds distributed in each of the past six years. We have been informed that Customs expects to make the distribution by mid-April 2012, but there is no legally binding deadline for Customs to do so by then or at all. Moreover, if the Federal Circuit were to reverse the decisions of the Court of International Trade and to determine that the Non-Supporting Producers are entitled to CDSOA distributions, it is possible that Customs may seek to have us return all or a portion of our company’s share of the Holdback.
Assuming that such funds are distributed and that our percentage allocation in future years is the same as it was for the 2011 distribution (approximately 30% of the funds distributed) and the $9.1 million collected by the government as of October 1, 2011 does not change as a result of the annual administrative review process or otherwise, we could receive approximately $2.7 million in CDSOA funds in addition to any funds received from the Holdback discussed above.”
Oikeus on siis päättänyt, että CDSOA-maksut tulee jakaa alkuperäisen suunnitelman mukaan niille valmistajille, joille ne kuuluvatkin. Stanley tulee saamaan noin $40 miljoonaa, joka on valtava summa, sillä sen markkina-arvo on tällä hetkellä $52m, josta jo nyt käteisen osuus on noin $17m. Mikäli asiat menevät parhaalla mahdollisella tavalla, tulee Stanleyn taseessa olemaan lähiaikoina yhteensä $57 miljoonaa käteistä. Tämän lisäksi sillä on mahdollisuus saada “ylimääräisiä” CDSOA-maksuja, joita se on aika ajoin saanut jo aikaisemminkin. Uutinen on luonnollisestikin todella positiivinen mutta on valitettavaa, että rahoja pitää vielä odotella määrittelemätön aika ja että huonoimmassa tapauksessa tulli ei maksakaan rahoja (miten tämä on mahdollista?) tai päätöksestä valitetaan. Parhaassa tapauksessa odotan kuitenkin muhkeaa ylimääräistä osinkoa.
* “Continued Dumping and Subsidy Offset Act of 2000: The act changed the disposition of funds raised from duties on imports that the US government has determined to be subsidized or otherwise unfairly priced. Prior to the act, those funds were incorporated into the US budget. The Act specifies that the funds be distributed to the US companies that file pricing complaints. In short, this meant that non-US firms which sell below cost price in the US can be fined, and the money given to the US companies who made the complaint in the first place. The act has since been repealed.” – Wikipedia