                        TITLE 19--CUSTOMS DUTIES
 
                      CHAPTER 4--TARIFF ACT OF 1930
 
           SUBTITLE IV--COUNTERVAILING AND ANTIDUMPING DUTIES
 
                       Part IV--General Provisions
 
Sec. 1677b-1. Currency conversion


(a) In general

    In an antidumping proceeding under this subtitle, the administering 
authority shall convert foreign currencies into United States dollars 
using the exchange rate in effect on the date of sale of the subject 
merchandise, except that, if it is established that a currency 
transaction on forward markets is directly linked to an export sale 
under consideration, the exchange rate specified with respect to such 
currency in the forward sale agreement shall be used to convert the 
foreign currency. Fluctuations in exchange rates shall be ignored.

(b) Sustained movement in foreign currency value

    In an investigation under part II of this subtitle, if there is a 
sustained movement in the value of the foreign currency relative to the 
United States dollar, the administering authority shall allow exporters 
at least 60 days to adjust their export prices to reflect such sustained 
movement.

(June 17, 1930, ch. 497, title VII, Sec. 773A, as added Pub. L. 103-465, 
title II, Sec. 225(a), Dec. 8, 1994, 108 Stat. 4886.)


                             Effective Date

    Section effective, except as otherwise provided, on the date on 
which the WTO Agreement enters into force with respect to the United 
States [Jan. 1, 1995], and applicable with respect to investigations, 
reviews, and inquiries initiated and petitions filed under specified 
provisions of this chapter after such date, see section 291 of Pub. L. 
103-465, set out as an Effective Date of 1994 Amendment note under 
section 1671 of this title.
