USFDA25 Feb 2026, 05:01 pm
LT Foods Ltd: Significant Reduction in Countervailing Duty (CVD) Rate by US DoC for Ecopure's Organic Soybean Meal Exports
AI Summary
LT Foods Ltd has announced a significant reduction in the Countervailing Duty (CVD) rate applicable to Ecopure Specialities Limited's exports of organic soybean meal to the United States. The US Department of Commerce, through its Final Order dated February 23, 2026, has revised the CVD rate from 340.27% to 75.48%. This reduction amounts to a potential liability reduction of Rs. 163 crore for Ecopure's Rs. 50 crore sales during the period January-December 2023, where the 'adverse facts available' (AFA) methodology was previously applied.
Key Highlights
- LT Foods Ltd announces significant reduction in CVD rate for Ecopure's organic soybean meal exports to the US
- US Department of Commerce revises CVD rate from 340.27% to 75.48% in its Final Order dated February 23, 2026
- Reduction in CVD rate amounts to potential liability reduction of Rs. 163 crore for Ecopure's Rs. 50 crore sales in 2023
- Adverse facts available (AFA) methodology was previously applied to Ecopure's exports
- LT Foods requests stakeholders to take this information on record