CIT Remands 2020 Review of CVD Order on Turkish Rebar
The Court of International Trade on Oct. 21 remanded the Commerce Department's 2020 review of the countervailing duty order on rebar from Turkey. Judge Gary Katzmann said Commerce failed to support its finding that exporter Kaptan Demir Celik Endustrisi ve…
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Ticaret's exemption from Turkey's 0.2% Banking and Insurance Transactions Tax on foreign exchange transactions was de jure specific, noting the agency didn't establish the tax exemption was limited by enterprise or industry. Katzmann also sent back Commerce's rejection of a report prepared by Cushman & Wakefield to value land used for free by Kaptan's affiliated supplier. The judge said Commerce didn't base its rejection of the report "on a sound legal basis."