CV: Canada Certain Softwood Lumber Products
The International Trade Administration (ITA) has issued its final results of the countervailing (CV) duty new shipper review of certain softwood lumber products from Canada for the review period of January 1, 2003 through December 31, 2003.
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Bonding is No Longer Permitted
As a result, ITA sources state that bonding will no longer be permitted to fulfill security requirements for shipments of certain softwood lumber from Canada from Seed Timber (as exporter and producer) with a time of entry on or after September 28, 2005.
For shipments with a time of entry on or after September 28, 2005, the ITA has determined the following CV cash deposit rates (equal to the net subsidy rate) apply:
CV Cash Deposit Rate for a Time of Entry On or After 09/28/05:
| Company | CV Rate or Note |
| Seed Timber Co., Ltd. (Seed Timber) as both exporter and producer | 2.22% |
Assessment Instructions for the Review Period (01/01/03 - 12/31/03)
The ITA states that it will issue appropriate assessment instructions directly to U.S. Customs and Border Protection (CBP) on or after 41 days after September 28, 2005, to liquidate shipments of subject merchandise produced and exported by Seed Timber that have a time of entry during the review period, at 2.22% ad valorem of the f.o.b. invoice price.
(See ITA notice for more information, including the scope of the order, etc. See ITT's Online Archives or 05/18/05 news, 05051840, for BP summary of the preliminary results of this CV duty new shipper review. Also, note that CBP's AD/CV Query does not yet seem to be updated to reflect this new 09/28/05 CV rate.)
ITA Contact - Kristen Johnson (202) 482-4793
ITA Notice (FR Pub 09/28/05) available at http://a257.g.akamaitech.net/7/257/2422/01jan20051800/edocket.access.gpo.gov/2005/pdf/05-19361.pdf