India Steel Threaded Rod: Prelim CV Critical Circumstances, Retroactive Sus of Liq for Babu, 'All Others'
The Commerce Department will retroactively suspend liquidation back to Sept. 20 for some entries of steel threaded rod from India (C-533-856), after preliminarily finding “critical circumstances” in its countervailing duty investigation. The agency found that Babu Exports and the “all others” companies not under individual investigation ramped up exports before the preliminary determination of illegal subsidization in an attempt to get as much merchandise into the U.S. as possible before CV duties were imposed.
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CV Duty Cash Deposits Required for Babu and ‘All Others’ Entries Beginning Sept. 20
Commerce suspending and liquidation and requiring CV duty cash deposit retroactive 90 days from the date of its preliminary CV duty determination, back to Sept. 20. Commerce’s Dec. 19 preliminary determination found CV duty rates of 38.98% and 8.13% for Babu Exports and the “all others’ companies, respectively (see 13121825).
CV Suspension of Liquidation for Mangal Still Begins Dec. 19
On the other hand, Commerce preliminarily found that Mangal Steel did not engage in this practice, so it will not retroactively suspend liquidation for that company. Cash deposits of estimated CV duties are still only required for entries beginning Dec. 19. Subject merchandise from Mangal currently enters at a CV duty cash deposit rate of 8.13%.
(Federal Register 02/18/14)