Non-Reimbursement Statements
Definition of Non-Reimbursement Statements
A Non-reimbursement statement is a formal declaration used in international trade to certify that an importer or supplier has not been reimbursed for antidumping duties (ADD) or countervailing duties (CVD), nor has agreed to be reimbursed for them.
Non-reimbursement statements are required when importing goods from countries subject to ADD or CVD orders. These duties are designed to protect domestic industries from foreign competitors selling goods at unfairly low prices.
What is a valid Non-Reimbursement Statement?
A valid non-reimbursement statement can be issued on a shipment-by-shipment basis or as a blanket statement that applies to all relevant goods imported within a specific period, typically no longer than one year.
Why are Non-Reimbursement Statements essential?
Non-reimbursement statements ensure that the importer or supplier does not unfairly recover the costs of ADD or CVD duties, which are intended to offset the price advantages gained from dumping or subsidies.
Failure to provide a valid Non-Reimbursement Statement can result in fines or legal action.
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