Antidumping (AD) occurs when foreign manufacturers sell goods in the United States less than fair value, causing injury to the U.S. industry. AD cases are company specific; the duty is calculated to bridge the gap back to fair market value.Countervailing duties (CVD) cases are established when a foreign government provides assistance and subsidies, such as tax breaks to manufacturers that export goods to the U.S., enabling the manufacturers to sale the goods cheaper than domestic manufacturers. CVD cases are country-specific, and the duties are calculated to duplicate the value of the subsidy.When the Department of Commerce finds that imported merchandise was sold in the U.S. at an unfairly low or subsidized price, to level the playing field for U.S. companies injured by these unfair trade practices, CBP is responsible for collecting AD/CVD in a timely manner. CBP treats AD/CVD as a Priority Trade Issue.Areas Covered Anti-dumping Duty LawCountervailing Duty LawU.S. Government Departments and Agencies InvolvedAD/CVD ProcessAD/CVD Petitions, Filing, and Chronology of EventsInvestigations and Preliminary DeterminationsAdministrative Review and LiquidationReimbursement StatementsBond SufficiencyInjunctionsAD/CVD Comprehensive ListsAD/CVD FAQsInternal ControlsManaging Financial ExposureResources and RecommendationsCourse Level-Basic / FundamentalWho Should Attend Importers, exportersCustoms BrokersInsurance companiesSurety companiesPharmaceutical companiesHealthcare companiesDefense contractorsFinancial companiesBanksTransportation providers (rail, air, ocean, trucking)legalParalegalsManufacturersInvestigatorsAccountantsCPAsFinancial advisorsInternational trade consultantsFederal and state and local government contractorsWarehouse operatorsBusiness ownersCEOsCFOsWhy Should You AttendIf you are a U.S. importer who fails to understand AD/CVD and fails to discern that your imported items are subject to AD and/or CVD, the imposition of truly harsh additional duties and penalties by the U.S. Government can ruin you financially, cause you to lose customers, and lead to increased examinations of your imported goods and audits of your import entries by U.S. Customs and Border Protection (CBP).All sorts of imported products are subject to AD and CVD investigations. Some of these imported items are metal pipes, forged steel, certain pasta, glycine, washers, plastic ribbons, polyester textured yarn, magnets, steel nails and lots of other items. If you import items from the Peoples Republic of China and certain other countries, well, take heed.You will learn the following :The basics of AD LawThe basics of CV LawThe U.S. departments and agencies involvedDetermining the imported items most frequently – and expensively – subject to AD and/or CVDEscape Clause/Section 201Understanding AD/CV PetitionsRealizing that there are resources to help youHow to stay clear of AD/CVD problems