POSTED: 01:30 a.m. HST, Nov 08, 2012
~~<p>A small group of local solar energy companies that paid import duties retroactively on photovoltaic panels shipped from China will have their payments refunded as the result of a ruling issued Wednesday by the U.S. International Trade Commission.</p>
A small group of local solar energy companies that paid import duties retroactively on photovoltaic panels shipped from China will have their payments refunded as the result of a ruling issued Wednesday by the U.S. International Trade Commission.
In a two-part ruling, the commission upheld duties on imports from Chinese manufacturers who were found responsible for harming the U.S. panel industry by dumping solar products in the United States below cost. However, the federal trade panel rejected a U.S. Commerce Department finding of "critical circumstances," which would have made the penalties retroactive. Login for more...