CIT Wants Info On Tianjin Magnesium Byproduct Value

Law360, New York (August 10, 2010, 3:26 PM EDT) -- A federal judge has ordered the U.S. Department of Commerce to explain why it classified byproduct from Tianjin Magnesium International Co. Ltd.'s exports as higher-value unwrought magnesium as opposed to lower-value “slag” waste.

Judge Nicholas Tsoucalas' ruling, issued Monday in the U.S. Court of International Trade, said Commerce failed to adequately explain its decision to value the magnesium byproduct at a higher level when calculating anti-dumping duty margins for the Chinese company.

"The court finds that the administrative record does not support such a high value,"...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.