China NOES: Prelim CV Cash Deposit Rates Take Effect; Retroactive 90 Days
A countervailing duty cash deposit requirement will take effect March 25 for imports of non-oriented electrical steel (NOES) from China (C-570-997), as the Commerce Department found illegal subsidization of Chinese producers in its preliminary determination. Commerce is making the suspension of liquidation and CV duty cash deposits retroactive for entries on or after Dec. 25.
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Commerce is also considering the imposition of antidumping duties on NOES from China. The agency's preliminary AD duty determination is currently due May 15 (see 14031118).
Commerce Finds Critical Circumstances; Cash Deposits Retroactive 90 Days
Commerce made a finding that Chinese companies increased their NOES exports to the U.S. in the run up to the preliminary determination, in an attempt to get in as much product as possible before the imposition of CV duties. This "critical circumstances" finding by the agency allows it to retroactively suspend liquidation for all Chinese companies back to 90 days before the preliminary determination, i.e. Dec. 25.
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce says it will instruct CBP to suspend liquidation for all entries of subject merchandise from China that are entered, or withdrawn from warehouse, for consumption on or after Dec. 25. Preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
| Baoshan Iron & Steel Co., Ltd. | 125.83% |
| All Other Chinese Companies | 125.83% |
(The period of investigation is 01/01/12 - 12/31/12. See Commerce's notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 13111317 for summary of the initiation of this CV duty investigation, and 13101707 for summary of the underlying petition.)
AD/CVD Operations contact -- Joshua Morris (202) 482-1779