China Narrow Woven Ribbons: CV Duty Order Issued
The International Trade Administration is issuing a countervailing duty order on narrow woven ribbons with woven selvedge from China.
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CV Liquidation, Cash Deposits Refunded Prior to Final ITC Determination
Because the International Trade Commission's final injury determination is based on the threat of material injury and is not accompanied by findings that injury would have resulted, but for the imposition of suspension of liquidation of entries since the preliminary determination, U.S. Customs and Border Protection is required to release any bond or other security, and refund any cash deposit of estimated CV duties posted from the ITA's preliminary determination until the publication of the ITC's final determination of threat of material injury.
Therefore, the ITA will instruct CBP to terminate the CV suspension of liquidation for entries of narrow woven ribbons from China with a time of entry prior to April 13, 2010 (the date the ITA previously instructed CBP to discontinue the CV suspension of liquidation), and refund any CV cash deposits made and release any bonds posted between the publication of the ITA’s preliminary determination on December 14, 2009 and April 12, 2010.
CV Suspension of Liquidation Reinstated on Sept 1
The CV suspension of liquidation will be reinstated for all entries of subject merchandise from China with a time of entry on or after September 1, 2010 (the publication date of the ITC’s final injury determination).
CV Cash Deposit Instructions
The ITA will also instruct CBP to require, at the same time as importers would normally deposit estimated duties on this merchandise, CV cash deposits on entries of subject merchandise from China with a time of entry on or after September 1, 2010 at the CV duty rates below1.
| Exporter/Manufacturer | CV Rate (Cash Only) |
|---|---|
| Yama Ribbons and Bows Co., Ltd. | 1.56% |
| Changtai Rongshu Textile Co., Ltd. | 117.95% |
| All Others | 1.56% |
1These CV duty rates are unchanged from the final determination.
(See ITA notice for additional information, including the scope of the order, etc.
See today’s ITT, 10090117 and 10090116, for BP summaries of the ITA’s issuances of the companion AD order for China, and the AD order for Taiwan.
See ITT’s Online Archives or 07/19/10 news, 10071921, for BP summary of the final CV duty determination, which includes instructions for the termination of the suspension of liquidation from April 13, 2010 through August 31, 2010 -- the gap period.)
Contact -- Scott Holland, (202) 482-1279
(FR Pub 07/23/10, ITA Case No. C-570-953)
The ITC’s final injury determination (FR Pub 09/01/10) is available here.