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Chinese Supplier Settles U.S. Tariff Charges
Taipei, Taiwan-based China Metal Product Co. has agreed to pay the U.S.
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Taipei, Taiwan-based China Metal Product Co. has agreed to pay the U.S. Dept. of Justice $6.3 million to settle charges that it misclassified imported parts to evade $2.5 million in duties in 2004-2011.
The Justice Dept. says the company and its Plymouth, Mich.-based CMAI North America unit declared the commercial truck exhaust manifolds it shipped to America as unfinished. The U.S. charges no duties on such unfinished goods but levies a 2.5% tariff on finished parts.
The government says China Metal charged its customers mainly automakers and tier one suppliers a price that included the 2.5% duty.
CMAI North America pleaded guilty to federal criminal charges of entry of goods by false statement. The company was sentenced to two years probation and ordered to pay a $25,000 fine.
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