Commerce to Impose CV Cash Deposits on Indian OCTG, Gives Pass to Turkish Exports

The Commerce Department will require cash deposits of estimated countervailing duties on imports of oil country tubular goods from India, but not Turkey, it said in a Dec. 17 fact sheet announcing its preliminary CV duty determinations. Commerce found illegal subsidization of OCTG exporters in India, and calculated CV rates of zero to 3.5% for Indian exporters. But Commerce calculated no such countervailable subsidization of Turkish exporters, and so will not require CV duty cash deposits on Turkish OCTG at this time. Commerce may still impose CV duties on Turkish OCTG in its final determination, currently due in April.