19-U.S.C.-1677B-1

§1677B-1 – §1677B-1. Currency Conversion

Pathway

Title 19 > Chapter 4 > Subtitle IV > Part IV > Section 1677b-1

Details

• Reference: Section 1677b-1
• Legend: §1677B-1 – §1677B-1. Currency Conversion
• USCode Year: 2013

Provision Content

(a) In general

In an antidumping proceeding under this subtitle, the administering authority shall convert foreign currencies into United States dollars using the exchange rate in effect on the date of sale of the subject merchandise, except that, if it is established that a currency transaction on forward markets is directly linked to an export sale under consideration, the exchange rate specified with respect to such currency in the forward sale agreement shall be used to convert the foreign currency. Fluctuations in exchange rates shall be ignored.

(b) Sustained movement in foreign currency value

In an investigation under part II of this subtitle, if there is a sustained movement in the value of the foreign currency relative to the United States dollar, the administering authority shall allow exporters at least 60 days to adjust their export prices to reflect such sustained movement.

(June 17, 1930, ch. 497, title VII, §773A, as added Pub. L. 103–465, title II, §225(a), Dec. 8, 1994, 108 Stat. 4886.)

Effective Date

Section effective, except as otherwise provided, on the date on which the WTO Agreement enters into force with respect to the United States [Jan. 1, 1995], and applicable with respect to investigations, reviews, and inquiries initiated and petitions filed under specified provisions of this chapter after such date, see section 291 of Pub. L. 103–465, set out as an Effective Date of 1994 Amendment note under section 1671 of this title.

U.S. Encyclopedia of Law Coverage

19-U.S.C.-1673G in the Legal Encyclopedia: Customs Duties

In this entry about 19-U.S.C.-1673G, find legal reference material, bibliographies and premiere content related to customs duties in the American Encyclopedia of Law, presenting a comprehensive view of the United States customs duties-specific issues, written by authorities in the field.

Topic Map

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