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U.S. Dept. of Commerce sets new rate for Canfor

The U.S. Department of Commerce (DOC) has confirmed that Canfor’s…

The U.S. Department of Commerce (DOC) has confirmed that Canfor’s
countervailing duty (CVD) deposit rate has been reduced from 18.79% to 12.24%.
This new rate will take effect in approximately one week, when the rate has
been published in the Federal Register and the DOC sends revised instructions
to the US Customs Service.
This new rate was calculated as part of the expedited review process
requested by Canfor early in 2003. The new rate continues to be a cash deposit
rate only. Final rates will be determined through the DOC’s administrative
review process.