CIT Halts 577% Duty On Tata Hot-Rolled Steel

Law360, New York (August 11, 2010, 1:04 PM EDT) -- A federal judge has preliminarily blocked U.S. Customs and Border Protection from liquidating a 577 percent countervailing duty on Tata Steel Ltd.'s hot-rolled steel products, a move that follows the India-based Tata Group affiliate's launching of a suit over the unprecedented markup.

U.S. Court of International Trade Judge Thomas J. Aquilino Jr. issued a preliminary injunction Monday over the countervailing duty that covers certain Tata Steel products that entered the U.S. between Jan. 1, 2008, and Dec. 31, 2008.

The U.S. Department of Commerce, the defendant...
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