Commerce to Suspend Liquidation, Set New Cash Deposits on Oil Tubes From South Korea, Turkey
The Commerce Department will suspend liquidation and require antidumping duty cash deposits on imports of oil country tubular goods (OCTG) from South Korea, reversing course in a final determination announced July 11. The agency also announced its final determinations of dumped imports of OCTG from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam, and its findings of illegal subsidization of OCTG imports from India and, in another reversal, Turkey. Commerce had originally found no dumping of OCTG from South Korea and no illegal subsidization of OCTG from Turkey in its preliminary determinations.
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Although it found dumping by Ukrainian exporters of OCTG, Commerce said it has entered into a suspension agreement with exporters from Ukraine and will not issue an AD duty order at this time. As such, Commerce will not suspend liquidation or require cash deposits on OCTG from Ukraine, although it will periodically review the suspension agreement to make sure it’s preventing dumping.
Commerce will now direct CBP to continue suspension of liquidation and AD duty cash deposit requirements on OCTG from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, and Vietnam. It will also tell CBP to suspend liquidation and for the first time require AD duty cash deposits on OCTG from South Korea, and CV duty cash deposits on OCTG from Turkey. Suspension of liquidation and CV duty cash deposit requirements for OCTG from India are currently in a “gap period,” so India CV duty cash deposit requirements will only be reinstated if Commerce issues a CV duty order.
The next step is the International Trade Commission’s final injury determination. The ITC’s decision is due by Aug. 25 for the AD duty investigations on OCTG from India, the Philippines, Saudi Arabia, Thailand, Turkey, Ukraine, and Vietnam, and the CV duty investigation on OCTG from India. The ITC has until Sept. 23 to make its final injury determinations in the AD duty investigations on OCTG from South Korea and Taiwan, and the CV duty investigation on OCTG from Turkey. If the ITC finds injury, Commerce will make duties permanent by issuing AD and/or CV duty orders on OCTG from each respective country.