Federal Circuit Upholds 588% CVD Rate, Finds AFA Warranted Over Failure to Disclose Affiliate

The Court of Appeals for the Federal Circuit locked in a 588.43% countervailing duty rate for Indian corrosion-resistant steel product exporter Uttam Galva in a May 5 opinion. Judges Sharon Prost, Richard Taranto and Raymond Chen found that Uttam Galva failed to disclose its affiliation with Lloyds Steel Industries Ltd., warranting adverse facts available. The judges also said the exporter didn't show that LSIL's financial statement could rebut the inclusion of 20 subsidy programs supposedly given to LSIL, permitting the subsidies' inclusion in Uttam Galva's rate.