India Steel Threaded Rod: Commerce Issues Final CV Determination
The Commerce Department issued its final affirmative countervailing duty determination on steel threaded rod from India (C-533-856). Although this final determination takes effect July 14, Commerce will only require CV cash deposits of estimated CV duties on future entries if it issues a CV order.
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(Commerce also issued a final affirmative determination in the companion antidumping duty investigation (see 14071412).
Suspension of Liquidation Still Retroactive 90 Days for Some Companies
Commerce continued to find "critical circumstances" for all Indian companies except Mangal Steel because they allegedly ramped up sales of subject merchandise in the U.S. during the run-up to the preliminary determination in an attempt to get in as much product as possible before duties were imposed. As such, it will order CBP to continue to retroactively suspend liquidation for all subject merchandise from these companies back to Sept. 20.
CV Susp/Cash Deposit thru April 18
Commerce will instruct CBP to continue the suspension of liquidation of entries from Mangal Steel from Dec. 19, 2013, through April 18, 2014. For the Indian companies that got critical circumstances, Commerce will instruct CBP to continue suspension of liquidation for subject merchandise entered between Sept. 20, 2013 and April 18, 2014.
CV Liq Reinstated and No CV Cash Deposit as of April 19
Commerce previously instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits or bonds for subject merchandise entered on or after April 19.
CV Liq to be Suspended Again & CV Cash Deposit Required if Order Issued
Commerce will issue a CV duty order, reinstate the suspension of liquidation, and require a cash deposit of estimated CV duties for entries of subject merchandise at the revised CV rates listed below if the International Trade Commission issues a final affirmative injury determination (due by Aug. 17).
| Company | CV Rate |
| Mangal Steel Enterprises Ltd. | 8.61% (from 8.13%) |
| Babu Exports | 39.46% (from 38.98%) |
| All Others | 8.61% (from 8.13%) |
(Note that there is no CV duty liability during the "gap period" of April 19 until the date an ITC final affirmative injury determination is published in the Federal Register.)
(The period of investigation is 01/01/12 -- 12/31/12. See Commerce's notice for more information, including the scope of the order, detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc. See 13121825 for summary of the preliminary determination of this investigation, and 14021407 for Commerce's preliminary finding of critical circumstances.
AD/CVD Operations contact -- Erin Begnal (202) 482-1442
(Federal Register 07/14/14)