Vietnam Steel Wire Garment Hangers: Prelim CV Rates Announced

The International Trade Administration issued a fact sheet on May 30, 2012 announcing its affirmative preliminary determination in the countervailing duty investigation of steel wire garment hangers from Vietnam (C-552-813). According to the ITA’s fact sheet, South East Asia Hamico Export Joint Stock Company (SEA Hamico), Nam A Hamico Export Joint Stock Company, and Linh Sa Hamico Company Limited received preliminary CV rates of 21.25%; Infinite Industrial Hanger Limited and Supreme Hanger Company Limited received preliminary CV rates of 11.03%; and all other Vietnamese producers/exporters received a preliminary CV rate of 16.14%. As a result of the preliminary determination, the ITA will instruct U.S. Customs and Border Protection to collect a cash deposit based on these preliminary rates. Pursuant to the ITA's October 2011 final rule, no bond will be accepted in lieu of a cash deposit.