Supplier Wanxiang to Pay $53M to Resolve Probe into Imported Auto Parts
The U.S. government said the settlement ends nearly 10 years of litigation, with the United States collecting all the lost revenue it sought and over $30 million in civil penalties. Wanxiang America did not admit wrongdoing. The Justice Department said Wanxiang falsely classified its imported wheel hub assemblies and failed to disclose the parts were covered by the antidumping tariff order, which resulted in the auto parts company vastly underpaying the amount of customs and antidumping tariffs owed on its merchandise.
(Reporting by Shepardson in Washington; Editing by Lisa Shumaker)
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