LT Foods has announced a crucial update regarding the US Countervailing Duty (CVD) on organic soybean meal exports from its subsidiary, Ecopure Specialities Limited. Following the US Department of Commerce’s Final Order on February 23, 2026, the provisional CVD rate has been drastically lowered. The initial, adverse rate of 340.27% has been revised down to 75.48%, providing substantial relief for exports made during the January 1 to December 31, 2023 review period.
Significant Update on US Countervailing Duty
LT Foods Limited has provided an update concerning the administrative review initiated by the United States Department of Commerce (US DoC) regarding the countervailing duty (CVD) order on organic soybean meal originating from India. This review covered the period spanning January 1, 2023, to December 31, 2023.
Revision of Duty Rate for Ecopure
Previously, the company had disclosed that the US DoC applied the ‘adverse facts available’ (AFA) methodology to its step-down subsidiary, Ecopure Specialities Limited. This resulted in a provisional CVD rate of an extremely high 340.27% being applied to Ecopure’s sales of Rs. 50 crore during the specified period.
In a favorable development, the US Department of Commerce issued its Final Order on February 23, 2026. This final determination has resulted in a substantial revision of the CVD rate applicable to Ecopure’s organic soybean meal exports to the United States. The punitive duty rate has been significantly reduced from 340.27% down to 75.48%.
Conclusion of Review Period
This downward revision follows the final determination reached in the Administrative Review. LT Foods confirms that this information has been formally shared with both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE) on February 25, 2026.
Source: BSE
